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WTC: NO LUCKCHRW: 'NUCLEAR VERDICT'DSV: DEEP CUTKNIN: UPGRADEDKNIN: AI BENEFITSKNIN: NOT WORTH ITPLD: DEAL TIMEKNIN: CONF CALL CLOSING KNIN: PRICING POWER KNIN: MARKET SHARE GAINS IN ROAD KNIN: AI-RELATED COST INFLATION OUTLOOKKNIN: APEX LOGISTICS IPO UPDATEKNIN: QUESTION TIMEKNIN: 'COST REDUCTION PROGRAMME IS ON TRACK'KNIN: CFO REMARKSKNIN: MONETARY IMPACT FROM AI KNIN: AI UPSIDEKNIN: STRONG ROAD UNIT DELIVERY KNIN: AIR LOGISTICS SHINES
WTC: NO LUCKCHRW: 'NUCLEAR VERDICT'DSV: DEEP CUTKNIN: UPGRADEDKNIN: AI BENEFITSKNIN: NOT WORTH ITPLD: DEAL TIMEKNIN: CONF CALL CLOSING KNIN: PRICING POWER KNIN: MARKET SHARE GAINS IN ROAD KNIN: AI-RELATED COST INFLATION OUTLOOKKNIN: APEX LOGISTICS IPO UPDATEKNIN: QUESTION TIMEKNIN: 'COST REDUCTION PROGRAMME IS ON TRACK'KNIN: CFO REMARKSKNIN: MONETARY IMPACT FROM AI KNIN: AI UPSIDEKNIN: STRONG ROAD UNIT DELIVERY KNIN: AIR LOGISTICS SHINES
A Hong Kong-flagged feeder vessel is stranded in the Gulf of Aden after a fire broke out onboard yesterday (27 January) forcing its crew to abandon ship.
At the time of writing, reports suggest the fire was sparked by dangerous goods aboard the 1,930 teu ASL Bauhinia, although its position in Red Sea has raised concerns that it may have been the result of an attack by the Iran-backed Houthi militia.
It was previously reported that the vessel had been operating on behalf of CU Lines, however, a spokesperson for the carrier told The Loadstar that this was not the case, and the Bauhinia is not listed as in active operation on any liner database.
According to the vesselsvalue.com database, the vessel is classed by Japan’s Nippon Kaiji Kyokai and is insured by the UK Mutual Steam Ship Assurance Association.
However, the eeSea liner database shows that, up to last September, the ship was operating on behalf of Asean Seas and Zim on their joint China-Philippines NPX Service.
Following the commencement of the ceasefire between Hamas and Israel this month, the Houthis had pledged to limit attacks against commercial shipping in the Red Sea to vessels linked to Israel.
While the ASL Bauhinia’s NPX designation appears to have ceased in September, the Houthis have previously mistaken other vessels as having connections to Israel, leading to suggestions that this may have been yet another case.
According to news agency Reuters, the crew are safe after being picked up by another vessel, but other reports have warned of navigational issues for ships close to the abandoned ASL Bauhinia.
Meanwhile, Vespucci Maritime chief executive Lars Jensen suggested that the next stage would be organising salvage and the likely declaration of General Average on its cargo.
However, he also questioned whether shippers insured against General Average would be able to claim, given the location of the casualty.
“For the shippers, the interesting part will then be whether the location is seen as a ‘risk area’ by their insurance company – and if it is, whether they are covered,” he said.
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