We can confirm that General Average has now been declared and the vessel has today berthed at Algeciras.
Fire Experts have been appointed and arrangements are in hand to ensure access to the vessel.
It is reported that HANJIN GREEN EARTH is the largest container vessel ever to declare GA. As such the requirement to provide suitable security in order to avoid delay is paramount and enquiries into causation are essential in order to assess the merit of the GA claim.
We anticipate early notification of cargo on board in order to incorporate interests into ongoing enquiries.
We refer to the incident involving the Vessel “HANJIN GREEN EARTH”, a 2013 built, 141,754gt fully cellular containership.
As has been reported, the vessel caught fire while transiting the Suez Canal. The fire started in a container in No7 hold, resulting in severe damage. Salvage services were provided by Suez Canal Authorities and Smit Salvage. The vessel presently remains at Port Said, Egypt
The vessel was on a laden voyage from Korea, China, Singapore and Malaysia, bound for Saudi Arabian ports on onward to Europe to discharge cargo.
Whilst Lloyds Open Form salvage contract has not been utilised in this instance, we now understand that General Average declaration is imminent and in which respect, cargo interests will be required to provide suitable GA security.
W.E. Cox Claims Group is ideally suited to assist in this respect with security provision and consideration of the GA claim as well as with regard to anticipated PA losses. So if we may be of any assistance or arranging Surveys, adjusting potential losses or undertaking recovery enquiries please do not hesitate to contact us.