Madrid Bridge

------------------UPDATE-------------------

17 January 2022

* Further to our initial report concerning the collapse of containers stowed on board container carrier, MADRID BRIDGE, it is now understood that approximately 60 containers were lost overboard and a further 80 containers were damaged as a result of the incident, but that additional losses and/or damage may be ascertained after further investigations.

* It is reported that the vessel has now been diverted towards Charleston, USA, missing out scheduled port calls at New York and Savannah, for a detailed assessment of the vessel's condition and to discharge the affected containers.

* Recovery issues will arise in respect of cargo lost overboard and damage sustained to cargo stowed to containers affected by the incident.

* In addition, any delay to the vessel's schedule may adversely affect any temperature sensitive and/or time sensitive cargo.

* We have already been instructed by certain cargo insurers and we may therefore be able to offer certain economies of scale in respect of any third party costs which may be incurred to investigate the cause of the incident.
* We recommend that you contact us if you are concerned with any cargo stowed on board the vessel so that we can immediately take steps to protect your interests.

---------------------ORIGINAL-------------------------

* It is reported that fully cellular container ship, MADRID BRIDGE, experienced a collapse of containers stowed on board the vessel on 7 January 2022 whilst the vessel was off New York, USA awaiting arrival at its scheduled berth on 17 January 2022. .

* It is not currently clear how extensive the collapse of stow is but it is reported that the vessel lost at least 30 containers overboard.

* Recovery issues will arise in respect of any cargo lost overboard and damage sustained by cargo stowed to other containers involved in the collapse of stow but remaining onboard the vessel.

* We are currently seeking to establish the extent of the losses overboard and damage to cargo.

* We recommend that you contact us urgently if you are concerned with any cargo affected by this incident so that we may start taking steps to protect your interests.