Advertisement
UK markets close in 6 hours 53 minutes
  • FTSE 100

    8,085.22
    +40.41 (+0.50%)
     
  • FTSE 250

    19,809.30
    +9.58 (+0.05%)
     
  • AIM

    755.55
    +0.68 (+0.09%)
     
  • GBP/EUR

    1.1628
    +0.0000 (+0.00%)
     
  • GBP/USD

    1.2425
    -0.0027 (-0.22%)
     
  • Bitcoin GBP

    53,706.21
    +502.60 (+0.94%)
     
  • CMC Crypto 200

    1,436.55
    +12.45 (+0.87%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • CRUDE OIL

    83.27
    -0.09 (-0.11%)
     
  • GOLD FUTURES

    2,331.70
    -10.40 (-0.44%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • DAX

    18,202.72
    +65.07 (+0.36%)
     
  • CAC 40

    8,119.61
    +13.83 (+0.17%)
     

Shipping industry grapples with ways to cut cargo fires at sea

FILE PHOTO: Stacked containers are shown as ships unload their cargo at the Port of Los Angeles

LONDON (Reuters) - Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires erupting inside containers or in cars at sea, officials said on Wednesday.

Shipping transports around 90% of world trade onboard different vessels including container and Ro-Ro ships with trade routes getting busier.

In a new initiative, leading carriers Evergreen Line of Taiwan, South Korea's HMM, Denmark's Maersk, Germany's Offen Group, Singapore's ONE (Ocean Network Express), Hong Kong's Seaspan as well as British ship certifier Lloyd's Register said they are looking into feasibility studies to understand how cargo is loaded and also monitored at sea, as well as finding solutions to detect fire onboard ships and speed up ways to stop it spreading.

"The priority for the first challenge area is to provide earliest indication of a fire incident, thus allowing the appropriate onboard responses to prevent the occurrence of large fires and loss," Rich McLoughlin, programme director for the cargo fire and loss innovation initiative, told Reuters.

ADVERTISEMENT

"The initiative seeks to provide proof-points that emerging tech may be used to improve response times over the existing regulatory requirements, leading to enhanced vessel safety."

In its 2022 safety and shipping review, analysis by major insurer Allianz Global Corporate & Specialty showed there had been over 70 reported fires on board container ships alone in the past five years, with growing risks faced by car carriers transporting electric vehicles using batteries.

"The main root cause for cargo fires on container ships is the integrity of dangerous goods throughout the supply chain. Therefore it is a problem that can only be improved through industry wide solutions," Maersk's Aslak Ross said separately in a statement.

(Reporting by Jonathan Saul; Editing by Mark Potter)