In one of my previous articles, I had posted about what happens in a day in the life of a Shipbroker.. Then came some questions from readers about what is the difference between a shipbroker and a ship charterer..
In this article, I discuss the Difference between a shipbroker and ship charterer and the role that both of them play in global trade..
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)..
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..
On the 3rd of January 2019, part of the 16-year-old Yantian Express the 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 container fire that broke out was largely contained and brought under control after one week through the launching of immediate fire-fighting efforts.. Since then, the remaining salvage operations have made considerable progress as per updates from Hapag Lloyd..
As container shipping has evolved over the years, so have the methods of carrying cargo and types of cargo being carried.. Open Tops and Flat Racks are two of the container types that are used in the carriage of (OOG) Out of Gauge cargo (also called (ODC) Over Dimensional Cargo in certain countries)..
This type of carriage has its own individuality and one unique feature of this type of carriage are the Lost Slots which occurs in the carriage of this type of cargo and this is explained in detail in this article..
Misdeclaration in weight or misdeclaration of hazardous content has been the bane of the shipping industry and the carriers who have suffered several consequences due to misdeclarations..
When such misdeclarations are done, it does not just affect the ship, the carrier involved and the person who chose to misdeclare their cargo.. These misdeclarations result in cargo damage and affect everyone else’s cargo, especially when entire ships are lost..
Millions of dollars worth of goods and assets are lost due to this, not to mention the huge impact on the environment and the loss of life (human or otherwise)..
IMO and other stakeholders took these misdeclarations seriously and SOLAS VGM came into effect.. Life after SOLAS VGM seems to be hunky dory and no major incidents have been reported in relation to weight misdeclarations..
However, the recent spate of maritime disasters is causing some worries to the container lines.. Having had first-hand experience with such misdeclarations and maritime disasters, the world’s largest container line – Maersk Line – has put its foot down on these misdeclared cargoes..
On the 6th of March 2018, Maersk Honam, one of Maersk’s ultra-large containerships caught fire in the Arabian Sea while en-route from Singapore to Egypt.. Five crew members perished in this incident which was one of several maritime disasters especially to have affected container ships in recent history..
Based on the lessons learnt from the Maersk Honam incident, Maersk Line announced that after a thorough review of current safety practices and policies in the stowage of dangerous cargo, they have implemented a set of new guidelines termed Risk Based Dangerous Goods Stowage to improve safety across its container vessel fleet..
Maersk Line has just revealed plans that the Maersk Honam will be resurrected..
India measures around 2,933 Kms from West to East and around 3,214 km from South to North and boasts a coastline of around 7,516..
Given such distances and the volume of goods handled, rail transport was found to be one of the cheaper options for all cargoes over medium to long distances..
Indian Railways entered the cargo market for moving door-to-door domestic cargo in special DSO containers starting in 1966..
Container Corporation of India Ltd. (CONCOR), was incorporated in March 1988 under the Companies Act, and commenced operation from November 1989 taking over the existing network of 7 ICDs from the Indian Railways..
Amid increasing competition, inadequate rail and road infrastructure, a rapidly changing market driven by weak demand and digitization, Concor has decided to enter the coastal shipping market in India..