Containership Yantian Express has remained in Freeport, Bahamas because some shippers have not posted General Average/salvage security, although they have offloaded all fire damaged containers from the vessel.
Mainly, Ocean Network Express (ONE) and alliance partner of Hapag-Lloyd that operates the Yantian Express stated the vessel was due to reload containers that had been unloaded in Freeport on 12 April, however, that General Average and Salvage security had not been posted on some of the containers.
In the meantime, ONE published an advisory statement to its customers, noting that
The Salvage company have now declared that the granted period of 21 days for the provision of salvage security has long expired. We understand that the Salvage company are working on getting the required certification from the Lloyd‘s Arbitration to enable them to sell the cargo to satisfy their security interest, should security not be provided imminently.
The Yantian Express is not to depart from Freeport until late April, or Early May. Even its sail destination, when departing from Freeport, remains unknown.
Generally, the Yantian Express caught fire on January 3, 2019. The situation was under control and the ship was towed to Halifax. Because of the fire, a total of 198 containers onboard the ‘Yantian Express’ were estimated to be lost.
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