Ā£150m stolen from supply chains in 2020

Over Ā£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 in the EMEA region despite widespread lockdowns, with

More bad news for shippers as containers lost overboard

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 incidents, in the last two months, representing twice times the annual average, leading

Catastrophic loss underlines need for marine insurance

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 the container stacks between the accommodation and

The reality of marine risk

In the last few months EMEA freight thefts alone amounted to more than Ā£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 worldā€™s seas and while fires and capsizes make international headlines, container losses overboard rarely do.

Cargo crime fall expected to reverse

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 released its latest bulletin of freight crimes across the