
Carriers are cracking down on rogue shippers by threatening significant financial penalties for misdeclared cargo following a series of vessel fires. Evergreen was first out of the gates announcing fines ranging from $4,000 to $35,000, for misdeclarations with Hapag-Lloyd and OOCL following suit.
TT Club risk management director Peregrine Storrs-Fox said, “We welcome such initiatives, following a spate of fires and growing concerns about cargo packing.
“We have been collaborating with stakeholders through the supply chain to highlight ongoing risks arising from poorly packed and Continue reading “More carriers set to impose fines on rogues shippers for misdeclared cargo in containers”