Car carrier Höegh Xiamen (IMO 9431848), which caught fire early last month off Jacksonville, Florida, has been declared a constructive total loss (CTL).
The vessel is owned by Ocean Yield and is on a bareboat contract to Höegh Autoliners. The fire broke out on June 4th (IMN, June 8th) on deck seven, shortly after the vessel had completed loading operations at Blount Island, Jacksonville, Florida. The fire took eight days to put out, having spread up a number of decks and down one to deck six. Several firefighters sustained serious injuries during the initial firefighting response. It was then decided to keep the hull’s structure cool to prevent it breaking up, but it was too hot to fight the fire on the inside.
Ocean Yield has said it expected to receive insurance proceeds of about $26m, which was close to the book value of the vessel, in Q3 2020.
The net cash proceeds after repayment of debt related to the vessel would be about $8m, the company said.
The 600ft RoRo was carrying a consignment of used cars intended for export to the West African market. The ship’s most recent port call was Freeport, Texas. Its next scheduled stop was to be Baltimore, Maryland.
2010-built, Norway-flagged, 47,232 gt Hoegh Xiamen is owned by OCY Xiamen Ltd care of manager Höegh Autoliners Management AS of Oslo, Norway. ISM manager is Höegh Technical Management-Philippines of Manila, Philippines. It is entered with Gard P&I Club on behalf of OCY Xiamen Ltd. It is entered for H&M with Norwegian Hull Club as claims leader on behalf of Höegh Autoliners Management AS.