Security should be a primary element of an operator's risk management policy. Preventing unauthorised access to vehicles and the vetting of personnel and counterparties are essential mitigation for the risks associated with the improper use and theft of goods vehicles.
An estimated two million containers are sold annually by container shipping lines and leasing companies. They may be re-purposed for a wide range of applications or carry on their working life in the shipping industry.
The risk of injury at the work place should be of highest concern to any entity, but injuries still account for almost a third of insurance claims costs for ports and terminals according to TT Club analyses. Over 90% of these incidents are caused by operational issues, with a further 7% related to maintenance failures and less than 1% caused by natural events.
In a week during which yet another cargo-related containership fire took place, it is timely to draw attention to on-going industry developments to improve controls in the carriage of dangerous goods by sea.
Cargo theft remains one of the most significant causes of disruption in the supply chain and claims cost to the Club, accounting for around 10% by volume and cost of all reported claims in the last ten years.