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Insurer ordered to pay $15 million for troubled cargo ship

Australian regulators have ordered U.K.-based Steamship Mutual Underwriting Association Ltd., the insurer of cargo ship APL England, which lost around 50 containers in rough seas off the coast of Sydney on May 24, to pay $22 million Australia ($15 million) under the Protection of the Seas Act, 9News reports citing Australian Associated Press. The ship was on its way to Melbourne from China and was carrying bar stools, food dehydrators, medical face masks, shields and goggles, furniture, range hoods, gazebos and cat furniture.

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