Shippers in Baltimore Disaster Face ‘General Average,' MSC Says [BNN Bloomberg (Canada)]
A.P MOLLER-MRS UNS/ADR (AMKBY)
NASDAQ:AMEX Investor Relations:
investor.maersk.com/investor-relations
Company Research
Source: BNN Bloomberg
goods on the stricken Dali will have to share some of the financial losses, according to the world's leading container carrier. A.P. Moller-Maersk A/S has indicated that the process, known as “general average,” was declared by Singapore-based Grace Ocean, according to a customer advisory Friday from Geneva, Switzerland-based MSC Mediterranean Shipping Co. SA. “This decision indicates that the owners expect the salvage operations to result in high extraordinary costs for which they expect contribution from all salvaged parties under general average,” the advisory stated. MSC and Maersk, the world's largest container lines, are relaying the information to their customers that own freight on the ship. The Dali was on charter to Copenhagen-based Maersk with Synergy Marine acting as its manager and operator when it destroyed the bridge and blocked the port of Baltimore on March 26. Richards Hogg Lindley, a maritime claims adviser in the UK, was appointed as general adjuster, MSC sa
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