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Judgment on liability for explosion and fire points to shipper’s failure to warn of dangerous condition of cargo ahead of voyage
Hapag-Lloyd says significant headway has been made in recovering cargoes
The narrow stretch of water between the two countries has been the source of dispute for many years
No loss of life or ship from liquefaction reported in 2018, but the preceding decade saw more than 100 lives likely lost due to cargo failure
The 40m tonnes of iron ore pulled out by Vale would result in a 4.7% decline in iron ore tonne-miles and 1.3% drop in total dry bulk tonne-miles, JP Morgan analyst Noah Parquette said
Terminal operator Global Container Terminals reported damage to several containers stacked at the ship’s stern
Cargo interests will have to contribute to fund to recover shipments
The fire has been brought under control and salvage operations have made progress
According to Korean media reports, the South Korean police were also trying to obtain warrants for the arrest of senior executives at Stellar Daisy owner Polaris Shipping
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