HMM Platinum general average adds to cargo woes, as search for refuge drags on

HMM has declared general average following the fire aboard the HMM Platinum, generating a slew of new hurdles for cargo owners, with the carrier still seeking a port of refuge for the vessel, which has spent the past month anchored off the South African coast.

Korhi Average Adjusters & Surveyors have been appointed to handle the adjustment for the 5,593 teu containership, with Korhi and Richards Hogg Lindley responsible for collecting general average security.

Those with cargo aboard will be required to provide salvage security and general average security before shipments can be forwarded or released, while uninsured cargo owners will be required to provide cash deposits, although the amounts have yet to be determined.

Given the extent of cargo damage and timetable for discharging containers remains unclear, the requirements add more uncertainty for forwarders and their customers with shipments aboard the vessel.

This story was originally published by The Loadstar. Read the full story at The Loadstar →