News / General Average declared on refloated Hanjin Aqua, but some shippers were uninsured

The 2013-built 4,500 teu Hanjin Aqua is expected to arrive under tow at Singapore tomorrow after being grounded off Sangiang Island, Indonesia since early December.

Owners have declared General Average and appointed average adjusters who will require security for 27% of the cargo value before containers can be released to consignees. This will be in the form of a guarantee signed by the shipper’s cargo insurers.

Both Hapag-Lloyd and ANL, slot charterers on the voyage, have kept customers informed throughout the incident, ...