This seems to be the new cry from the shippers on the Ever Given which is currently bobbing in the Great Bitter Lakes since it was freed from the banks … Read more here..
On the 3rd of Jan 2019, part of the Yantian Express a 7,510 TEU, 320m German-flagged ship of Hapag Lloyd went up in flames while on its way from Colombo to Halifax via the Suez Canal..
The Bundesstelle für Seeunfalluntersuchung (BSU) or Federal Bureau of Maritime Casualty Investigation undertook an investigation on the fire on board and the results have been released..
This investigation report demonstrates that it is not all that easy to pinpoint the exact cause and reason for such incidents but it does a great job in identifying certain possibilities and also finding out other information in the meantime.. Truly interesting..
The route to the conclusions reached by the investigators is very interesting to read and shows the many important considerations that are required when preparing your cargo for export..
Do I need cargo insurance for my shipment..?? Is a question asked by many customers around the world.. Whether they are exporters or importers or traders.. This is question that has been going for long and is expected to go on longer..
As much as we discuss why cargo insurance and insurers matter, in the recent past the question of who is the cargo insurer is coming to the fore as the line between the shipping line(s) and logistics services providers seems to be getting blurred..
A final update on Yantian Express.. The fire stricken vessel finally sailed Halifax on the 2nd of June 2019 after discharging all the containers on board..
As you may have read here, the fire stricken Yantian Express reached Halifax – its final destination, finally..
ONE, who are one of the Alliance partners on this ship have issued an advisory as below to give everyone a “better perspective of the reality of the operational situation facing the Yantian Express”..
Further to the various articles I have posted on this site about the fire damaged container ship Yantian Express, readers may be happy to hear that the ship has finally reached its destination..
Yantian Express a 7,510-TEU vessel operated by Hapag Lloyd suffered fire on board in early January while on its way from Colombo, Sri Lanka to Halifax, Canada.. The ship was carrying around 3,875 containers at the time of the incident of which 320 containers were a total loss..
Yantian Express finally reached Halifax on the 20th of May 2019..
Latest update on Yantian Express General Average..
The Yantian Express has been in Freeport, Bahamas since early February 2019 after it went up in flames on the 3rd of Jan 2019 while on its way from Colombo to Halifax via the Suez Canal..
Yesterday, I posted some questions relating to the consequences and process of General Average – once it is declared..
In a press release, ONE (Ocean Network Express) one of the alliance partners of Hapag Lloyd, have released further information relating to the Yantian Express which declared General Average on the 25th of January 2019..
The “Yantian Express” suffered a major fire resulting in both the vessel and a portion of the cargo suffering either fire or water damage..
ONE has released an update on the General Average security demand, latest salvage declaration details, a Salvage Guarantee Form and an overview of frequently asked questions (FAQ)..
Further to the recent maritime disasters and subsequent to the declaration of General Average on the Yantian Express, I received some questions surrounding the consequences and the process of the General Average – once it is declared..
- In a GA situation are ALL goods blocked, until the Average Adjusters have completed their work..??
- How long can the work of these Average Adjusters take on average?
- When will the goods be unblocked?
- Will all goods be unblocked?
- In this case, the final destination of the ship was Halifax but the ship has been taken to Freeport for assessment.. Do all goods have to stay on board till the full assessment is complete or do they release goods as assessed.. Say for example, containers in a section of the ship that has not been affected at all..??
- When do all the different parties have to pay their part of the indemnity fees and is paid by insurance or cargo interest..??
- These unexpected delays can of course create a certain “damage” to the owners of the goods; I understand the Insurance does not include any of the consequences of the General Average..??
- When will the beneficiaries of the insurance paid out (this would then refer to the owners that really lost material or got their own material damaged) – do they have to wait until the Average Adjusters have done their work, made their conclusions, send in their reports etc… or can they claim immediately to the Insurance company and the Insurance company later on settles with the other parties?
We caught up with Jagannath Muthu, of NAU Pte Ltd to pose these questions and here is what he had to say..
It was expected and would have been just a matter of time..
We reported previously that part of the 16-year-old Yantian Express the 7,510 TEU, 320m German-flagged ship of Hapag Lloyd went up in flames on the 3rd of Jan 2019 while on its way from Colombo to Halifax via the Suez Canal..
The container fire that broke out was largely contained and brought under control after one week and the ship sailed to the Port of Freeport (Bahamas) for further recovery and cargo damage assessment. when it arrives in Freeport around the 1st of Feb 2019..
On January 25, 2019, Hapag Lloyd declared “General Average” for the Yantian Express..
As part of global trade, in 2016, approximately 130 million containers packed with cargo with an estimated value of more than $4 trillion were shipped around the world..
As per the University College London’s Energy Institute and data visualisation firm Kiln more than 50,000 merchant ships travel high seas, moving goods and commodities all over the place..
With so many containers on the move in many different routes, there are bound to be some containers lost at sea..
We examine the causes, what may prevent it and what to do when your container actually is lost at sea..
Article giving a brief about General Average, what is it and how and who gets affected by it..
In the unpredictable industry of Shipping, it is always prudent for one to be comprehensively covered against all exigences.. This article discusses about one such exigency which is General Average..
Can I lodge an insurance claim with an original bill of lading or do I need all original bills of lading..??
The trigger for this topic is a question that a reader Sandreen asked as below..
One of our shipments caught fire on transit. To get the Insurance claim I have to submit the full set of original B/Ls, but I have lost 2 original B/Ls.