HMM declares general average after fire on HMM Platinum

· Logistics · South Korea · South Africa

HMM has declared general average following a fire aboard the HMM Platinum, creating new hurdles for cargo owners and adding to the fallout from the incident. The carrier is still seeking a port of refuge for the vessel, which has spent the past month anchored off the South African coast. Korhi Average Adjusters & Surveyors have been appointed to handle the process. General average means cargo interests may be asked to contribute to costs incurred to save the ship and cargo, so shippers with containers aboard face delays, extra expense and complex claims procedures.

Why it matters：General average shifts part of the cost of a casualty onto cargo owners and can hold up shipments for weeks, a recurring risk for shippers on long-haul ocean routes.

Key points

  • The HMM Platinum has been anchored off South Africa for about a month.
  • The carrier is still seeking a port of refuge.
  • Adjusters Korhi Average Adjusters & Surveyors were appointed.

Sources (original reporting)

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