Hapag-Lloyd declares general average on fire-stricken Yantian Express

Hapag-Lloyd has formally declared general average on its fire-stricken Yantian Express.
A fire broke out in a container stowed on the 7,500 teu vessel en route to the Canadian port of Halifax early this month, which spread to other boxes while heavy weather rendered the crew’s fire-fighting efforts fruitless, forcing them to abandon ship.
Ocean-going tugs have spent the subsequent weeks trying to bring the fire under control and the vessel is …

The post Hapag-Lloyd declares general average on...

https://theloadstar.co.uk/hapag-lloyd-declares-general-average-on-fire-stricken-yantian-express/

Maersk aims to cover itself with an alternative to cargo insurance

Maersk Line is launching what it claims is an alternative to cargo insurance in response to the rising number of shipments consigned without cover.
According to the carrier, some 30% of cargo moved by sea is uninsured, but one source told The Loadstar this figure is could be overly conservative.
“In my experience, the actual percentage of shipments travelling without insurance is far closer to the 50% mark,” said the source.
“The only time this becomes …

The post Maersk aims to cover itself with...

https://theloadstar.co.uk/maersk-aims-cover-alternative-cargo-insurance/