This incident is part of a recent trend of major losses happening throughout the industry, as just last month the Maersk Frankfurt continued to have fires on-board its vessel for more than ten days. The fires were caused by some of the cargo being transported on the vessel. vessel declared general average due to continued fires. Here is a video of the incident: 

These recent incidents, combined with attacks from Houthi rebels and vessels being diverted through pirate infested waters, are stark reminders of the current dangers occurring in the industry and the importance for every shipper to purchase cargo insurance because the threats to cargo vessels have become frighteningly more common.

Therefore, we highly recommend that you reach out to your advisor on how to secure cargo insurance for all your shipments. You can also click here to reach out directly to our cargo insurance specialist, who can give you all the specialized information you need to ensure that your cargo is safe from all these dangers that are currently happening throughout our industry.

Thank you.

Sincerely,

OEC Group

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