Yang Ming Marine Announces General Average for YM Mobility Explosion

On August 20, Yang Ming Marine released a notice stating that a container on the deck of the YM Mobility vessel had exploded at the Ningbo Port Phase III terminal on August 9th. Local port authorities have completed firefighting operations and are conducting a subsequent investigation.

To safeguard the safety and interests of the vessel, cargo, and crew, Yang Ming Marine has formally declared a general average and appointed Richards Hogg Lindley to collect security from cargo parties. Please refer to the detailed cargo withdrawal notice for specific security requirements and document templates.

To facilitate the smooth release of your cargo and avoid unnecessary delays, please contact the adjusters and provide the necessary security and corresponding documents. Please treat this notice as urgent to avoid delays; cargo cannot be withdrawn until security is submitted.

A general average occurs when a vessel carrying cargo belonging to one or more parties sacrifices part of the vessel or cargo to save the whole. In such cases, the loss is shared by all cargo owners to adjust the extent of the loss.

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Previously, on August 12, Yang Ming Marine issued a statement indicating that a container explosion had occurred on board the YM Mobility while operating in Ningbo Port. Relevant authorities are investigating the cause and responsibility of the incident. The estimated loss ranges from US$1.5 million to US$9.5 million.

The declaration of a general average means that all cargo owners on the YM Mobility must share the responsibility and provide general average security before their cargo can be released. According to the latest vessel dynamics displayed by the Vessel Tracking Network, the YM Mobility is still berthed at Ningbo Port.

It is worth noting that before the accident in Ningbo Port, the vessel had called at Shanghai Port, involving multiple shipping companies in a joint venture. Cargo owners and freight forwarders whose cargo was loaded on this vessel recently should maintain timely communication with their clients and shipping companies to understand the latest situation and disseminate the information.

Source: Vessel Tracking Network compilation, please indicate the source when reprinting.