The longer the Evergreen-chartered boxship is prevented from sailing, the more perishable cargoes will spoil and the more retailers will order replacement consumer durables, legal experts warn
SCA rejects insurer’s claim that vessel whose grounding caused a six-day shutdown of the key waterway in March was under the charge of local pilots when it entered the southern channel
Divers have recovered the VDR from the wreck of the X-Press Pearl as the authorities draw up plans to prevent any oil spillage from the fire-stricken containership
The SCA has valued the property salved at around $2bn or even $3bn... Based on our experience of other large containership casualties the cargo value on the Ever Given is likely to be in the region of $600-700m,’ Clyde & Co head of casualty says
Ever Given was travelling above the Suez Canal’s speed limit when it grounded. But weather conditions made higher speeds necessary for control, but also carried greater risk
Brit said the consortium aims to improve efficiency in covering breach call risks, allowing brokers the opportunity to obtain instant, fully supported quotes
‘With a given probability of a fire starting in one container, the probability of a fire starting in at least one of the containers will grow in almost direct proportion to the number of containers,’ says Cefor report
Operator X-Press Feeders says the vessel’s aft portion is ‘now touching bottom’ while smoke continues to emanate from two cargo holds
MEPA chairman Dharshani Lahandapura says the incident could be the ‘worst marine pollution’ Sri Lanka has ever suffered
Failure to adapt to climate change is one of the biggest security threats to ports and shipping, a webinar has heard, while cyber attacks and economic harm from coronavirus are more immediate threats
Sometimes ships will be hit by heavy weather. When cargo is lost or damaged, P&I insurers will need as much evidence of good practice as they can get to counter the claims, advise webinar speakers.
Sri Lanka’s government started cleaning up chemical debris from the fire-stricken X-Press Pearl as the blaze reached its eighth day
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