Press Release: Port Accidents are Avoidable Reports TT Club


Leading transport and logistics insurer TT Club’s latest analysis of 9,500 claims over the past seven years, valued at US$ 400m, confirmed an ongoing trend in avoidable damaging events that resulted in claims.  Emmanuel showed that the majority (68%) were due to poor operations and processes and a further 14% resulted from maintenance related issues.  Only 18% were caused by weather related issues, seemingly out of the control of the operator, but an amount of these could have been avoided through more adequate preparation.

“Effective procedures, training and safety technology will reduce risk and bring other commercial benefits such as lower insurance premiums and higher customer satisfaction,” advised Emmanuel.

The main area of risk, unsurprisingly, was in the operation of mobile equipment such as quay cranes, lift trucks, rubber-tyred gantry cranes, and straddle carriers. These make up two-thirds of the operational claims by value.

For example, quay crane boom-to-ship collisions are common at 236 incidents in the past 7 years worth US$ 15m and representing 31% of quay crane claims. TT Club suggests that these accidents could be greatly reduced by fitting boom anti-collision sensors.

Stack collisions are also common and costly, accounting for 19% (US$ 10m) of quay crane and 82% (US$23m) of yard crane claims. This sort of incident can also be minimised through good management practice, often by the use of a stack profiling system.

As regards the enduring problem of theft, Emmanuel suggested, "Prevention is a combination of: a physically secure site; rigorous checks and double-checks on paperwork and well-trained and well-motivated staff. “

As Phillip Emmanuel concludes, “In analysing the causes of risk, we aim to promote good risk management practice and continuous improvement in our industry.  TT Club is able to assist here given its resources and expertise”.

Through Transport Mutual Insurance Association Limited and TT Club Mutual Insurance Limited, trading as the TT Club. TT Club Mutual Insurance Limited, registered in the UK (Company number: 02657093) is authorised by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority. In Hong Kong, TT Club Mutual Insurance Limited is authorised and regulated by the Hong Kong Insurance Authority, in Singapore by the Monetary Authority of Singapore and in Australia by the Australian Prudential Regulation Authority. In the United States, TT Club Mutual Insurance Limited is approved as a surplus lines insurer in all states and is accessible through properly licensed surplus lines brokers. The registered offices are: 90 Fenchurch Street, London, EC3M 4ST.

Through Transport Mutual Insurance Association Limited, registered in Bermuda (Company number: 1750) is authorised and regulated in Bermuda by the Bermuda Monetary Authority and is authorised in the UK by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority.

The UK VAT Identification number for Through Transport Mutual Insurance Association Limited is: GB 564 5244 35 and for TT Club Mutual Insurance Limited is: GB 564 3375 30. The Italian VAT Identification number for TT Club Mutual Ltd is: 03627210101.