Cargo theft statistics and trends

shipping and freight news

Cargo theft can occur anywhere along the supply chain affecting local logistics, transporters, storage yards, groupage operators, LCL consolidators, ports, depots, terminals, insurance, carriers and freight forwarders equally..

BSI Supply Chain Services and Solutions assesses that companies lose more than an estimated $76 million in UK alone due to cargo theft highlighting the seriousness of this issue..

TT Club one of the leading providers of insurance and related risk management services to the international transport and logistics industry and BSI have come together yet again to release the second edition of their report on global cargo theft covering the full year of 2018..

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Undeclared hazardous goods said to be the cause of KMTC HongKong fire

KMTC HongKong Fire - shipping and freight resource

On the 25th of May 2019, a fire broke out on board the KMTC HongKong, at the Laem Chabang port in Thailand.. It was reported that 35 containers were on board when the ship caught fire..

Thailand Port Authority has been quoted as saying that undeclared hazardous cargo is the cause of the fire on board the KMTC HongKong..

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Oops it happened again – another container ship on fire..!!

KMTC HongKong Fire - shipping and freight resource

2019 seems to be fast becoming the year of maritime disasters.. There have been several maritime disasters one after the other in the recent years, especially in 2019.. In the latest incident on the 25th of May, a fire broke out on board a container ship KMTC Hong Kong, at the Laem Chabang port in Thailand..

It has been reported that a fire erupted on the ship triggering a blast which left at least 25 workers suffering from smoke inhalation and other injuries, forcing officials to evacuate workers and temporarily close three piers..

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Yantian Express – Operational situation status

shipping and freight news

As you may have read here, the fire stricken Yantian Express reached Halifax – its final destination, finally..

ONE, who are one of the Alliance partners on this ship have issued an advisory as below to give everyone a “better perspective of the reality of the operational situation facing the Yantian Express”..

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Noah’s Train – A climate minded train for climate change awareness

Noahs Train - climate minded train - shipping and freight resource

It really warms the cockles of my heart when I see the shipping and freight industry taking positive steps to address the issue of climate change..

I was truly inspired when I saw the initiative by Rail Freight Forward led by Europe’s freight operating companies as part of its commitment to boosting climate protection..

Noah’s Train, the world’s longest mobile work of art, has been travelling through Europe since December 2018 stopping at various cities in Europe..

Europe’s freight operating companies are using this special train, which was inspired by Noah’s Ark, to promote the movement of more freight traffic via rail in the interests of the environment..

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No agreement on minimum speed requirements for ships @ MEPC74

minimum speed requirements - shipping and freight resource

224 days to go as of this post before #IMO2020 comes into effect.. I wrote recently about an open letter to IMO Member States by NGOs which states that the shipping industry must take appropriate measures to address climate change urgently..

As an initial step, these NGOs expressed their strong support for the IMO’s proposal to regulate ship speeds across various ship type and size categories.. In the letter, the NGOs said their preference would be to set maximum annual average speeds for container ships, and maximum absolute speeds for the remaining ship types, which take account of minimum speed requirements..

Of course, this was not welcomed by all, least of all by container carriers as it would result in them having to increase their fleet size to meet the delivery schedules imposed on them by the trade.. As per the carriers, this would defeat the purpose of trying to reduce GHG (greenhouse gas emissions) emissions..

The letter said that this regulation should be implemented as soon as possible and the obligation for compliance should be placed both on shipowners and operators, including charterers and called on all parties at the forthcoming IMO’s Marine Environment Protection Committee (MEPC74) to support this move..

Well, #MEPC74 has come and gone but there has been no agreement or deal on any of the proposals put forward to reduce GHG emissions..

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Yantian Express reaches its destination Halifax finally

shipping and freight news

Further to the various articles I have posted on this site about the fire damaged container ship Yantian Express, readers may be happy to hear that the ship has finally reached its destination..

Yantian Express a 7,510-TEU vessel operated by Hapag Lloyd suffered fire on board in early January while on its way from Colombo, Sri Lanka to Halifax, Canada.. The ship was carrying around 3,875 containers at the time of the incident of which 320 containers were a total loss..

Yantian Express finally reached Halifax on the 20th of May 2019..

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Saudi Customs completes first blockchain based shipment

blockchain - shipping and freight resource

Blockchain seems to have become a prolific “enabler” of businesses, particularly in the shipping and freight and trade industry..

Whether in its use by Banks and Shippers to create Trade Finance documents; or creating and transmitting smart bills of lading; or setting up a blockchain-based marketplace app for trading in coffee; or making documentation easy for ports; or ensuring prompt delivery of mandarins for the Chinese New Year; Blockchain is making its presence felt quite rapidly in our industry..

Many shipping lines, ports, financial institutions and other private entities are using Blockchain and testing it in many different ways through many pilot projects..

Saudi Customs became the latest entity to successfully test drive its first shipment powered the blockchain technology..

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BIMCO elects its first female President

shipping and freight news

The Baltic and White Sea Conference was originally founded in Copenhagen in 1905 and is the world’s largest international global shipping association with more than 2,100 members including shipowners, operators, managers, brokers and agents..

The aim of BIMCO, as it is commonly known today, is to produce flexible commercial agreements and standard maritime contracts with clarity, consistency and certainty.. These include modern contracts tailored to specific trades and activities.. These contracts allow members to manage contractual risk..

BIMCO also works closely with many other influential organisations across the different parts of the maritime industry – from owners to operators, ports to ship builders, brokers to equipment manufacturers, and insurers to classification societies.. Such capability is crucial in developing the right environmental solutions for the shipping industry..

It is run by a board of directors and for the first time in 114 years, the President of BIMCO of the board will be a female – Ms.Şadan Kaptanoğlu..

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