International Norwegian-based global marine insurance company, Gard, has expressed concerns over the transshipment of bauxite from Guyana which showed significant signs of high moisture content on arrival at a port in the US back in June.
The high moisture content in the shipment poses significant risk to safety of the cargo vessel and crew members and it is in light of this, the insurance company has released a new menu of recommendations for shippers.
While not releasing the name of the cargo or the company from which the bauxite was loaded, Gard, in a statement on its website said the vessel was loaded in Guyana and showed serious signs of instability. On arrival at the port of discharge in the US, the cargo with “cement grade bauxite” showed significant liquefaction and had flattened into a fluid state.