Proper hold cleaning, even using professional contractors, typically runs between $20,000 and $60,000. A 2022 marine insurance study found that the average total cost of a hold cleaning related incident reached $1.8 million per event. Thorough cleaning costs roughly 3% of what a single contamination incident costs. Why the Math Rarely Wins the Argument Hold
The Arithmetic Every Operator Chooses to Ignore Read More »
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A Panamax bulk carrier discharges coal in Japan and sails to Australia to load grain bound for China. The crew performs a basic washdown of the holds during the short ballast passage. At the Australian loading terminal, grain surveyors descend into the holds and refuse to approve them. Coal residue remains visible across frames, corners
The Two Million Dollar Lesson Hidden in an Empty Cargo Hold Read More »
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