Carriers are cracking down on rogue shippers by threatening significant financial penalties for misdeclared shipments, following a series of vessel fires.
Evergreen was first out of the gates announcing fines, ranging from $4,000 to $35,000, for misdeclarations (see below), with Hapag-Lloyd and OOCL following suit.
TT Club risk management director Peregrine Storrs-Fox told The Loadstar: “We welcome such initiatives, following a spate of fires and growing concerns about cargo packing.
“We have been …

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Source: The Loadstar