Image credit: CGTN
Taiwanese shipping giant Yang Ming Marine Transport Corporation has declared General Average after a fire broke out on its vessel, YM Mobility, while docked at China’s Ningbo Port. The incident, which occurred earlier this week, has prompted immediate emergency response measures and underscores the potential risks associated with maritime operations in one of the world’s busiest ports.
The fire, which reportedly started in the cargo hold, was swiftly brought under control by port authorities and the ship’s crew, preventing further damage to the vessel and its cargo. However, the incident resulted in significant disruption to operations at Ningbo Port, a critical hub for global shipping, and raised concerns about the safety of cargo onboard.
Yang Ming’s declaration following the fire was by the maritime principle known as General Average, which requires all parties engaged in a sea venture to share proportionately any losses brought about by the willing loss of a portion of the ship or its cargo to preserve the whole. This declaration indicates that the costs associated with the fire, including potential salvage operations, damage assessments, and any cargo losses, will be distributed among the vessel’s owners and cargo interests.
Yang Ming has initiated an investigation to determine the cause of the fire and to assess the extent of the damage. The company has assured that all necessary steps are being taken to mitigate the impact on cargo owners and ensure the safe continuation of operations. “We are committed to fully cooperating with the relevant authorities and stakeholders to address this situation promptly and effectively,” a Yang Ming spokesperson said.
The YM Mobility, a 4,662 TEU container ship, was carrying a mixed cargo load destined for various international ports. The declaration of the General Average will likely lead to delays in the delivery of goods as the necessary procedures, including the adjustment and collection of General Average contributions, are carried out.
This incident at Ningbo Port is a reminder of the inherent risks in maritime transport, particularly in high-traffic areas. It also highlights the importance of rigorous safety protocols and quick response mechanisms to manage such emergencies.
As Yang Ming works to resolve the aftermath of the YM Mobility fire, the shipping industry will be closely monitoring the situation. The outcome of this incident could have broader implications for maritime insurance practices and the handling of similar cases in the future.