Yantian Express remains in Bahamas as some shippers not posted General Average/salvage security

Despite salvors having offloading all the fire damaged containers from the containership Yantian Express vessel remains in Freeport, Bahamas, as some shippers have not posted General Average and Salvage security for undamaged containers.

Ocean Network Express (ONE) and alliance partner of Hapag-Lloyd that operates the Yantian Express said 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.

“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,” ONE said in an advisory to customers.

The Yantian Express, which suffered a serious cargo fire that started on 3 January on a transatlantic voyage, is now not likely to leave Freeport until late April/early May to sail to another destination to unload undamaged cargoes. Even then where it will sail to remains unknown at present.

Read more: Fire hit Yantian Express sailing to Freeport, Bahamas

“In light of dependency on technical approval of vessel class, the next port of call is not finally determined as yet. We shall keep you closely informed on the decision for such port selection, once agreement has been reached, in conjunction with relevant port authorities,” ONE said.

Posted 12 April 2019

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Marcus Hand

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Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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