December 5, 2020 – Due to severe weather while transiting from Yantian to North America, the 14,000 TEU container ship MV One Apus lost about 1900 containers into the sea last week. Canaan Transport is contacting customers that have affected cargo on this vessel. This is another stark reminder of the need for cargo insurance as containers without insurance will likely only have $500-900 / container of coverage under COSGA or Hague Visby Rules. Please contact us if you have any questions about this incident and/or insurance for your cargo.