The target of 50% of all bills of lading to be electronic within the next decade has been set by the Digital Container Shipping Association (DCSA) in an announcement made last week. The international freight transport insurer, TT Club welcomes the commitment by the group of container shipping lines that together operate nearly 70% of the world’s capacity.
While many of the Western consumer economies tentatively explore the easing of social restrictions, the global supply chain environment remains significantly disrupted and operators continue to face many challenges. International freight insurer, TT Club seeks to guide them with advice for turbulent times.
As consumer demand and manufacturing production slows in many parts of the world, cargo, either in containers or stripped from transport units, is building up in warehouses, port terminals and inland depots. International freight and logistics insurer, TT Club warns of the additional risk this is bringing operators.
The second annual report on cargo theft worldwide, issued today by leading international transport and logistics insurer, TT Club and global provider of supply chain intelligence, BSI confirms the overwhelming targeting of cargo trucks compared to all other modalities.
Insurance provider, TT Club, is advising on the potential unforeseen exposures that may accrue in the face of the coronavirus outbreak - on top of the challenges already being experienced moving freight to and from China.
International freight and logistics insurer, TT Club has announced the appointment of a new Network Partner, tasked with providing support for those the Club insures around the world, in Qingdao, China. The seventeenth such facility that TT provides globally, this complements the Club’s regional offices in Shanghai and Hong Kong.
Thomas Miller announces Leo Kirchner as the successor of Mike Jarrett in the role of President / Chief Executive Officer (CEO) of Thomas Miller Americas.
To minimise risk and improve port safety, three of the cargo handling industry’s leading bodies have produced an information paper Collision Prevention At Ports & Terminals. Experts from international freight...
Three industry bodies have produced Revision 1 of their Recommended Minimum Safety Features for Quay Container Cranes. Experts from international freight transport insurers, TT Club, together with cargo handling industry experts ICHCA and PEMA recommend minimum standard safety features to promote safety.
The 3rd TT Club Innovation in Safety Award was presented to a joint winning delegation of Künz, CSXIT and Yardeye at the ICHCA 20/20 Cargo Vision internatinal conference, hosted by Malta Freeport Terminal, taking place at The Hilton Hotel, Malta between 11 and 14 November. The 2nd John Strang A.O Memorial Award was awarded to Health & Safety Executive UK at the same evening reception and awards ceremony, attended by conference delegates from over 23 countries worldwide. The reception was held at Casino Maltese in Valletta..
The winner of this year’s award, announced on Friday at the FIATA World Congress in Cape Town, is Mrs Evgeniya Khokhlova, who represents the Russian association (FAR) and is a Specialist in Project Logistics for SVH-Freight.
A number of container lines have recently announced measures to discourage shippers from mis-declaring hazardous cargoes, which is a practice strongly suspected as being either the cause of, or at least contributory to, the spate of container ship fires in recent months.
TT Club and the International Federation of Freight Forwarders Associations, FIATA are once more in a position to announce the regional winners of the Young International Freight Forwarder of the Year Award (YIFFYA) 2019.
TT Club and BSI have issued the second edition of their report on global cargo theft, the first to cover a full year. Highlighted findings include: theft from road vehicles once more accounts for the highest proportion at 84%; Slash and Grab the largest type of cargo theft at 26% globally but with significant regional variations; the combination of food, beverage, alcohol and tobacco making up the most common commodity group at 34% and South America topping the regional analysis of median value for each theft at $77,000.
Highlights: $195.0 million gross earned premiums (2017: $181.8 million) $16.5 million surplus for the year (2017: $7.3 million) Total assets of $619.3 million (2017: $597.6 million) Total surplus and reserves $209.5 million (2017: $193.1 million) 2018 financial year combined ratio of 87% (2017: 97%) A.M. Best affirms financial strength rating as A- (Excellent)
ICHCA International, the global cargo handling NGO association, has launched the 3rd TT Club Innovation in Safety Award and invites submissions from all involved in cargo handling and logistics who has shown a demonstrable improvement in operational safety
The Global Liner Shipping Conference to be held over the next two days in Hamburg provides a good opportunity for international freight transport insurer TT Club to continue with its mission to improve the poor safety conditions presently afflicting the shipping of hazardous materials
No. CR-2018-003733 IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS INSOLVENCY AND COMPANIES LIST (CHD) IN THE MATTER OF PART VII OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 -and- IN THE MATTER OF THE SCOTTISH BOATOWNERS’ MUTUAL INSURANCE ASSOCIATION (‘SBO’) -and- IN THE MATTER OF TT CLUB MUTUAL INSURANCE LIMITED (‘TTI’)
The recent reports of container ship fires has once more focussed those in the container supply chain on safety issues related to the incorrect processing of dangerous goods. The nascent Cargo Integrity campaign initiated by the international transport and logistics insurer, TT Club has as a consequence gained renewed impetus.
BSI Supply Chain Services and Solutions and leading international transport and logistics insurer, TT Club launch the first joint 2018 Semi-Annual Global Cargo Theft Intelligence and Advisory Report. The report brings together threat and intelligence data from BSI’s supply chain security country risk intelligence tool, SCREEN and TT Club’s insurance risk management and loss prevention insights.