April 15, 2019 – Hapag-Lloyd has provided an update on the progress of the salvage of the Yantian Express:
· The Yantian Express is currently due to reload containers unloaded at Freeport on April 12. General average and salvage security has still not been posted for some of these containers.
· The period granted by the salvage company for the provision of salvage security has expired. The company is now working to get the required certification to enable it to sell cargo to satisfy its security interest, should security not be provided imminently
· The ship is likely to sail at the end of April or early May with the remaining cargo onboard.