Category: Insurance

Following the sharp escalation of attacks on container ships in the Bab-al-Mandeb strait off the coast of Yemen last week, major container shipping lines are diverting vessels around the southern tip of Africa, rendering the Suez routing unavailable for an unknown period. With the Suez route c... Read more

Over £400,000 worth of goods in transit were stolen every day from Europe, Middle East and Africa (EMEA) supply chains in 2020, even with many countries being under lockdown for much of the year. The Transport Asset Protection Association (TAPA) recorded 6,463 cargo thefts across 56 countries... Read more

Mounting container losses at sea are raising concerns about the effectiveness of current lashing practices and the likelihood of vessel loads being restricted on larger container vessels, reducing market capacity even further. More than 2,650 containers have been lost overboard in two incident... Read more

Dramatic images on Twitter captured the 14,000 teu containership, ONE Apus, losing over a quarter of its load, in a catastrophic container stack collapse, that dumped over 1,800 boxes into the Pacific ocean on the 30th November. The Twitter image, shared by Container News, shows that most of t... Read more

In the last few months EMEA freight thefts alone amounted to more than £16 million, but there are many more supply chain threats than criminals. At any given point in time, more than 6,000 vessels carrying containers are sailing the world’s seas and while fires and capsizes make internation... Read more

Cargo crime has fallen to new lows, as criminals have struggled to target goods in warehouses or trucks, during the lockdown, but a spike in cargo thefts is anticipated, as coronavirus lockdowns begin to be lifted across EMEA. The National Vehicle Crime Intelligence Service (NaVCIS) has releas... Read more