Communications are the press relations consultancy for the Shipping and logistics industry
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has decided to provide a monetary donation of 2 million yen through the Japanese Red Cross Society toward relief efforts in the areas damaged by the earthquake that hit the central Myanmar on March 28, 2025.
“K” LINE would express its most sincere sympathy to all those affected by the earthquake and pray for the soonest recovery of the damaged area.
In a competitive market where the promise of profitable new business is alluring international freight transport insurer TT Club is issuing a warning to freight forwarders and logistics operators to beware of fraudulent customers offering lucrative loads.
London, 14th April 2025
Fraudulent strategies can prove extremely profitable to the international criminal fraternity and the global supply chain is typically low risk due to the remote nature of the actual physical theft of goods. TT Club has regularly highlighted the risks of theft through fraudulent documents, mandate fraud, fraudulent truckers, and trucking companies presenting themselves to collect cargo and more recently fraudulent freight forwarders or brokers.
Now the insurer is drawing attention to another type of fraud prevalent over the last twelve months; that of credit fraud. TT’s Logistics Risk Manager Josh Finch comments, “Credit fraud is an exposure to all in the global supply chain and a danger that ought to be considered through the risk management structure of every business. This is primarily a financial risk as operators are left with freight costs that can’t be collected. The losses as a result of such fraud can escalate quickly.”
The methodologies of criminals may vary but they all prey on the priority of all operators to maximise revenue in a highly competitive commercial environment. A brief example can help illustrate the dangers. Finch explains, “A new customer approaches with a single shipment, typically to transport internationally, for instance from Bangladesh to Spain. The ocean shipment will be completed by road at source and destination. There is a suggestion this could be the start of a potentially large and lucrative contract. A rate is agreed and a 60-day credit facility arranged. On completion of the shipment the freight account is settled within the agreed 60 days.”
What follows, from the operator’s point of view seems favourable, as four more consignments of clothing are booked on similar terms to the first. Then the ‘sting’ is put in place as these consignments become urgent and must be sent by air. Several more air freight shipments occur regularly over a three-week period. All successfully delivered.
However after that, communications to the customer go unanswered; the 60-day credit period expires, and the freight account goes unsettled. The operator is left with significant carrier costs and no revenue.
TT urges operators to engage in extensive due diligence when advancing credit to new customers and points to advice from the British International Freight Association (BIFA). Based on the unfortunate experiences of a number of its members, BIFA highlights some similar characteristics shared by this type of fraudulent ‘customers’ :
Concluding Finch emphasises, “Undoubtedly the best course is to withhold extended credit such as 60 days until a trusting relationship has been established with a customer. If commercial necessities dictate offering a more immediate credit facility then careful due diligence is vital. It is wise to maintain that primary risk management revolves around knowledge of your customer at all levels including regulatory compliance, safety, and security.”
Full details of TT’s due diligence checklist is available on page 10 of the ‘Supply chain security bulletin’ HERE
About TT Club
TT Club is the established market-leading independent provider of mutual insurance and related risk management services to the international transport and logistics industry. The Club’s services include specialist underwriting, claims management and risk and loss management advice, supported by a global office network. TT Club’s mission is to make the industry safer, more secure and more sustainable.
Established in 1968, TT Club currently services more than 1400 Members – container owners, operators, ports, terminals and logistics companies. Its membership covers the entire logistics journey, working across maritime, road, rail, and air ranging from some of the world’s largest logistics operators to smaller, bespoke companies managing similar risks. The Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. Its average annual customer retention rate is consistently over 95%, with some Members having chosen to insure with the Club for over 50 years.
TT Club is managed by Thomas Miller – an independent and international provider of insurance, professional and investment services.
A car carrier with a capacity of 7,000 vehicles has been delivered to Kawasaki Kisen Kaisha, Ltd. (“K” LINE) on April 10. The vessel is mainly fueled by liquefied natural gas (LNG) and has been constructed at the Marugame Headquarters of Imabari Shipbuilding Co., Ltd. (Imabari Shipbuilding).
A naming ceremony was held, and the vessel was named TRITON HIGHWAY (the “Vessel”) by Mr. Kazunari Kumakura, Chief Officer of the Purchasing Group, Toyota Motor Corporation (Toyota).
LNG fuel is expected to reduce emissions of carbon dioxide (CO2), a greenhouse gas (GHG), by 25% to 30% and emissions of sulfur oxides (SOx), which cause air pollution, by almost 100%. This is also a next-generation environment-friendly vessel that is expected to cut emissions of nitrogen oxides (NOx) by 80% to 90% by using EGR (exhaust gas recirculation) in addition to LNG fuel. It is equipped with the dual-fuel electronic control engine “6S60ME-C10.5-GI-EGRBP” by MAN Energy Solutions.
Also, with regard to fire safety measures that “K” LINE has been working on for some time, this is the first of its new car carriers to acquire the ClassNK notations (Fire Fighting) (Electric Vehicle). Including this Vessel, five car carriers operated by “K” LINE have acquired notations.
In “K” LINE Environmental Vision 2050 -Blue Seas for the Future-*¹, it has set the 2030 interim target of improving CO2 emissions efficiency by 50% compared with 2008, surpassing the IMO target of a 40% improvement. Furthermore, it sets its new target for 2050 as “The Challenge of Achieving Net-Zero GHG Emissions.” As an action plan, it will continue to work on the introduction of new fuels which have a low environmental impact and take on the challenge of achieving the targets it has established.
Vessel Particulars
Main Measure: LOA 199.90 meters x Beam 38.00 meters x Depth 38.76 meters x Draft 9.30 meters
Gross Ton: 77,509
Main Engine: 6S60ME-C10.5-GI-EGRBP
Speed: 18.25 KTS
Class: ClassNK
Flag: Japan
Builder: Marugame Headquarters, Imabari Shipbuilding
*1. “K” LINE Environmental Vision 2050: Blue Seas for the Future
As part of our action plan to reduce GHG, it is engaged in a number of initiatives, for instance introducing zero-emission fuels such as ammonia and hydrogen fuels, and carbon-neutral fuels such as bio-LNG and synthetic fuels.
https://www.kline.co.jp/en/sustainability/environment/management.html
GEODIS, a world leader in the transport and logistics sector, offers a new reverse logistics service at its site in Torija, Spain. This new service demonstrates GEODIS’ commitment to supporting its customers in reducing their environmental impact.
The GEODIS logistics site in Torija, Spain, serving a leading e-commerce client, is launching a new reverse logistics service. The 55,000 square meter warehouse includes 3,000 square meters dedicated to reverse logistics. The site is designed to handle large volumes of XL product returns such as household appliances.
With the rise of e-commerce, the increase in product returns has significantly grown, highlighting the growing importance of environmental awareness. Thanks to the workforce on ground and optimized processes, GEODIS handles the management of product unloading, classification, outbound flows to external repair, and removal or liquidation of outbound flows to fulfillment activities in case of sellable or unsellable products. When necessary, GEODIS engages accredited service providers who use sustainable methods for product destruction.
“Reverse logistics is essential for our clients as it allows them to improve customer satisfaction, reduce operational costs, and minimize environmental impact by optimizing the management of product returns, repairs, and recycling,” said Ivan Sanchez, Managing Director of GEODIS in Spain. “Whenever possible, we systematically offer this support to our clients,” he added.
This new service demonstrates GEODIS’ ability to adapt to the changing needs of the online commerce market, continuing its commitment to reducing the environmental impact of logistics and promoting the circular economy.
GEODIS – www.geodis.com
GEODIS is a leading global logistics provider acknowledged for its expertise across all aspects of the supply chain. As a growth partner to its clients, GEODIS specializes in four lines of business: Global Freight Forwarding, Global Contract Logistics, Distribution & Express Transport, and European Road Network. The Group operates a global network spanning nearly 170 countries and 50,000 employees. In 2024, GEODIS generated €11.3 billion in revenue. GEODIS is a company owned by SNCF group.
Kempten/Munich, April 3, 2025 – Global logistics provider Dachser grew significantly in 2024, with sales growth of 13 percent lifting revenue above the 8 billion mark to EUR 8.027 billion. The family-owned company also recorded significant year-over-year increases in other key figures such as headcount (+3,300), locations (+56), and pallet spaces in its warehouses (+720,000).
This growth is largely due to the acquisitions of DACHSER & FERCAM Italia, Frigoscandia, and Brummer, which will appear on the balance sheet for the first time in 2024. In purely organic terms, i.e., excluding acquisitions, Dachser grew by 4.7 percent compared to the previous year. This was driven by resilience in its European groupage network and rate increases in air and sea freight. Transported volumes rose by 7.6 percent to approximately 83.2 million shipments, while tonnage increased by 10.2 percent to some 44.1 million.
Business development would have been more dynamic, but there was a lack of growth impetus from Germany and Europe: “High costs, weak industrial production, and a decline in personal consumption have also had an impact on our business. Moreover, the many crises we face around the world today have been a constant stress test for our customers, and hence also for us,” says Burkhard Eling, Dachser CEO.
Investing during the crisis strengthens competitiveness
Dachser used its financial stability and strength to make significant investments. In 2024, the logistics provider doubled its year-over-year expenditure on company acquisitions, network locations, its workforce, digital innovation, and climate action, such as the expansion of e-mobility, to some EUR 490 million. Additional investments of almost EUR 400 million in Dachser’s network are planned for 2025. “Those who act during a downturn to invest wisely and consistently will enter the next upturn with the wind in their sails,” Eling says. “In the past, we’ve emerged stronger and more competitive from crises by following this countercyclical business policy. That will happen again this time around.”
Dachser’s workforce grew in 2024 by more than 3,300 people to a total of approximately 37,300. The number of locations increased by 56 to 433 worldwide. This also reflects the previous year’s acquisitions in Italy, Northern Europe, Germany, and Austria. The joint venture in Japan, which was launched in 2024, has also been included for the first time.
Business development in detail
Dachser’s Road Logistics business field—which comprises the transport and warehousing of industrial and consumer goods (European Logistics) and food (Food Logistics)—increased its revenue by 10.9 percent to EUR 6.4 billion in 2024.
The European Logistics business line increased its revenue by 8.1 percent to around EUR 4.8 billion. The number of shipments handled rose by 6.5 percent and tonnage by 2.8 percent. Developments at Dachser’s European business units were driven by high cost pressure in key industries, growing price sensitivity among customers, and intensified competition due to weak demand for transport and warehousing. “The fact that we were able to grow not only through acquisitions, but also organically in a shrinkingstagnating market, illustrates the trust our customers place in the high reliability and quality of our network,” Eling says.
The Food Logistics business line has taken on a new European dimension thanks to the integration of Müller in 2023 and of Frigoscandia and Brummer in 2024. Revenue increased by exactly 20 percent to some EUR 1.7 billion, shipments grew by 14.3 percent to approximately 12.4 million, and tonnage rose by 31.5 percent to some 13.9 million metric tons. Eling says: “We’ve acquired companies that have successfully opened up business areas beyond fresh food logistics, that address additional customer segments and markets in Europe, and not least that have significant truck fleets of their own. All of this is part of our new strategic market positioning for Dachser Food Logistics.”
Revenue in the Air & Sea Logistics business field rose by exactly 22 percent to around EUR 1.6 billion in 2024. Here, Dachser benefited mainly from short-term special developments that caused freight rates in air and sea freight to rise. These include the crisis with capacity bottlenecks on the Red Sea and the e-commerce business between China and Europe.
Contract logistics, or the combination of transport, warehousing, and customer-specific value-added services, also played an important role in Dachser’s growth strategy in 2024. Expansion investments together with the capacity of the acquired companies increased the number of pallet spaces by around 720,000 to a total of 3.8 million. Dachser customers can now take advantage of warehouse services at 190 locations worldwide.
Eling expects 2025 to be another highly challenging year for logistics, with only limited growth stimulus from Europe. “We can see that economic performance in Europe is largely stagnating and is accompanied by capacity adjustments, some of them painful. This also means that we have to deal with transformation processes in key industries such as the automotive industry and energy-intensive sectors such as the chemical industry.” Moreover, there are increases in global uncertainties and the danger of economic slumps due to protectionism, the threat of tariffs and counter-tariffs, as well as geopolitical conflicts.
Against this backdrop, it’s important for Dachser to achieve growth outside Europe. “We will increasingly focus our attention on strengthening our presence in the Americas and Asia and connecting these markets with our unique competitive advantage: our European groupage network. Because the broader our global footprint, the greater our resilience,” Eling says.
Overview of revenue:
| Net revenue in EUR million | 2024 (provisional) | 2023 | Change in 2024 vs. 2023 |
| Road Logistics | 6,440 | 5,806 | +10.9% |
| European Logistics | 4,785 | 4,426 | +8.1% |
| Food Logistics | 1,655 | 1,380 | +20.0% |
| Air & Sea Logistics | 1,587 | 1,300 | +22.0% |
| Group | 8,027 | 7,106 | +13.0% |
Further press releases from Dachser can be found here: https://www.dachser.com/en/mediaroom/index
In the DACHSER magazine, you will regularly find up-to-date reports, articles, and interviews on topics that concern us today and tomorrow: magazine.dachser.com
Kawasaki Kisen Kaisha, Ltd. (Head office: Chiyoda-ku, Tokyo, Representative Executive Officer, President & CEO: Takenori Igarashi, hereinafter ““K” LINE”) and Kamigumi Co., Ltd. (Head office: Kobe City, Hyogo, President & CEO: Yoshihiro Fukai, hereinafter “Kamigumi”) concluded a share transfer agreement on September 27, 2024, under which “K” LINE would establish a holding company that would become the parent company of “K” LINE LOGISTICS, LTD. (hereinafter “K” LINE LOGISTICS) to which “K” LINE would transfer all of the shares of “K” LINE LOGISTICS held by “K” LINE, and “K” LINE would transfer 47% of the total shares of the holding company to Kamigumi.
“K” LINE today announces that it has transferred 47% of the total shares of the holding company, established on February 14, 2025, in accordance with the details of the agreement, to Kamigumi.
Outline of the Joint Holding Company
| Company Name | KLKG Logistics Holdings, Co., Ltd. |
| Description of Business | Holding Company of “K” LINE LOGISTICS, LTD. |
| Location of Head Office | 1-1 Uchisaiwaicho 2-chome, Chiyoda-ku, Tokyo, Japan |
| Shareholder and Share Ownership Ratio | Kawasaki Kisen Kaisha, Ltd. 53%, Kamigumi Co., Ltd. 47% |
| Representative | Representative Director: Keiji Kubo |
Reference
News Release on September 27, 2024:
Notice of the Establishment of a Holding Company of Consolidated Subsidiary of Kawasaki Kisen Kaisha, Ltd. (“K” LINE LOGISTICS, LTD.) and the Partial Transfer of the Company’s Shares to Kamigumi Co., Ltd.
https://www.kline.co.jp/en/news/logistics/logistics-20240927.html
News Release on February 14, 2025:
Notice of the Establishment of a Holding Company of Consolidated Subsidiary of Kawasaki Kisen Kaisha, Ltd. (“K” LINE LOGISTICS, LTD.) and the Partial Transfer of the Company’s Shares to Kamigumi Co., Ltd. (2)
https://www.kline.co.jp/en/news/logistics/logistics-20250214.html
On April 1, Takenori Igarashi, Representative Executive Officer, President & CEO Kawasaki Kisen Kaisha, Ltd. (“K” LINE) made his inaugural speech at its head office.
The environment surrounding us is changing at an unprecedented speed. There is the spread of technologies to reduce our environmental impact and the construction of supply chains for the use of new energy as part of decarbonization; the rapid and widespread advance of digital transformation, which includes the use of generative AI; and efforts not only to address the shortage of human resources in various parts of the world, but also to secure diverse human resources and collaborate across industries.
Recently, in addition to the uncertain outlook for geopolitical risks in places such as the Middle East and Ukraine, since the inauguration of the new presidency in the United States this January, uncertainty over global energy and trade policies has also increased. There are moves to introduce policies that could have a major impact on the speed of the shift toward low-carbon and decarbonization, as well as on the supply chain and transportation demand itself, with the raising of customs tariffs on specific countries and products, and the introduction of port entry fees at US ports for ships operated by Chinese shipping companies and ships built in China. The uncertainty of the current business environment outlook is increasing.
Despite these conditions, the “K” LINE Group, under the leadership of former President Yukikazu Myochin, has been steadily advancing a five-year medium-term management plan announced in May 2022, and is bolstering the earnings base of its own businesses, centered on three businesses that will drive growth, by viewing changes such as decarbonization as business opportunities.
In the Coal & Iron Ore Carrier Business, we are working to further strengthen the relationships we have cultivated with customers in Japan, South Korea and China by leveraging customer-oriented and environmental sales. At the same time, we are also working to strengthen relationships with customers in the Indian and Middle Eastern markets, and with major resources companies.
In the Car Carrier Business, we are strengthening our earnings base in a way that meets the needs of our customers by reorganizing our route network, introducing environmentally friendly vessels that achieve low carbon emissions, and increasing the volume of High & Heavy cargo.
In the LNG Carrier Business, in addition to the existing markets of Japan, South Korea, China, and Europe, we are stepping up our efforts in new markets such as Southeast Asia and India, and are on track to expand from our current fleet size of 46 vessels to 65 vessels by fiscal 2026.
Our new business initiatives are also progressing smoothly. The Northern Lights Project in Norway for liquefied CO2 transportation will enter full-scale operation this year, with ship management due to begin for three vessels. In offshore wind power generation support, a Japanese geological survey ship was launched in September of last year, and business development has begun.
We are also working to further strengthen the three functions that form the basis of our strengths (Safety and Ship Quality Management, Advancement of Environmental Technologies, and Digital Transformation), and the human resources and organization that support them. In Safety and Ship Quality Management, we will continue to enhance our safe operation and management system, strengthen our ship management system, and secure and train excellent seafarers to further promote “K” LINE’s top priority of safety in navigation and cargo operations.
In Advancement of Environmental Technologies, we will further integrate our environmental response and technology evolution efforts into a unified strategy, and seek to expand growth opportunities for “K” LINE and society as a whole through low carbon and decarbonization.
In Digital Transformation (DX), we plan to expand and enhance our digital infrastructure by driving DX of data and DX of human resources as defined in our DX Strategy, and to create added value for customers by strengthening our own competitiveness through furthering the digitalization of our own operations and vessels.
I believe that further refining these strengths will support our business in this rapidly changing business environment.
As a logistics company rooted in the shipping industry, “K” LINE’s corporate philosophy is to help make the lives of people more affluent. Working under this philosophy, we operate as a partner that is trusted by all stakeholders, supporting the infrastructure of global society by providing safe, high-quality, optimal services that meet the needs of customers by making thoroughly considered proposals.
For our group to continue achieving sustainable growth in a business environment that is changing at such a dizzying pace, in addition to responding with agility to these changes, we must have the courage and passion to act without fear of change, together with the “animal spirit” needed to boldly take on challenges while calmly assessing risks and opportunities in our corporate activities. Personally, I hope to continue to maintain this attitude, and that everyone in the group will be able to work mindfully toward this. In addition, let’s work to improve the value we provide to all stakeholders and aim to become an even more attractive company.
Finally, I would like to end this message by wishing good health to all of you working within the “K” LINE Group, and to your families.
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce a publication of ESG DATA BOOK 2024.
ESG DATA BOOK has been issued since FY2021 to summarize policies, systems, specific initiatives and relevant data related to “K” LINE Group’s environmental (E), social (S), and governance (G) aspects. It has been published as a tool for dispatch of information to, and for communication with, stakeholders who are interested in the Group’s ESG initiatives.
ESG DATA BOOK 2024 features new contents such as an “At a Glance” at the beginning, which summarizes the main quantitative information related to our sustainability and ESG. Also, we have expanded contents of disclosure in accordance with the frameworks of Taskforce on Nature-related Financial Disclosures (TNFD) as well as the list of key performance indicators (KPIs) for sustainability management. In addition, we newly include the index of the Sustainability Accounting Standards Board (SASB) Standards in the back of the book, which is one of the main frameworks for ESG information disclosure.
ESG DATA BOOK 2024 can be found on our website.
HOME > Sustainability > ESG Data
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that Daito Corporation (Daito), its consolidated subsidiary, has decided to procure funding through a green loan from Mizuho Bank, Ltd. This loan will finance the construction of an electric tugboat (EV tug),*1 which was decided on November 8, 2024. It is scheduled to be completed in May 2027. The loan utilizes the Port of Yokohama – CNP Sustainable Finance Framework (the Framework),*2 established by the City of Yokohama.
The Framework is a use-of-proceeds specific framework aimed at promoting the decarbonization of the port. A Second Party Opinion*3 on the Framework has been obtained from DNV Business Assurance Japan K.K. (DNV), a third-party verification body. The construction of the EV tug is classified as a green project under “Clean Transportation” within the Framework, and a letter of conformance*3 for a green loan*4 has been obtained from DNV. Daito is the first company to utilize this Framework for financing. Moreover, this is the first case in Japan of a private company utilizing a use-of-proceeds specific framework developed by a municipality.
This vessel was highly valued for the integration of hull improvements, electrification, and new maneuvering equipment to achieve a transition to non-fossil energy and improve operational efficiency. The adoption of lithium-ion batteries as a non-fossil energy source is expected to achieve a CO2 emission reduction of approximately 60%.
The “K” LINE Group, under its long-term environmental policy, “K” LINE Environmental Vision 2050 — Blue Seas for the Future —,*5 establishes and operates the DRIVE GREEN NETWORK framework to promote environmental management, reflecting its commitment to environmental conservation. It will continue to advance efforts to support low-carbon and carbon-free for “K” LINE group and society and contribute to enhancing people’s quality of life.
EV Tug Specifications
Dimensions: Length 33.4 m x breadth 9.6 m x draft 4.0 m
Applicable Regulations: JG (Japanese Government)
Gross Tonnage: 199 tons class
Maximum Speed: 14.0 knots
Maximum Bollard Pull: 48 tons (ahead)
Propulsion System: Electric Propulsion System
Battery Capacity: Approx. 3.2 MWh
*1 November 8, 2024: Daito Corporation Has Decided to Build an Electric Tugboat
https://www.kline.co.jp/en/news/logistics/logistics-20241108.html
*2 It enables private companies and other entities to access sustainable finance without developing their own framework, provided their initiatives are designated as Port Decarbonization Promotion Projects within the Yokohama Port Harbor Decarbonization Promotion Plan announced today.
Please refer to the City of Yokohama website:
https://www.city.yokohama.lg.jp/city-info/yokohamashi/yokohamako/kkihon/torikumi/cnp/ycnpfw.html
*3Please refer to the DNV website:
https://webmagazine.dnv.co.jp/sus_finance_list.html
*4Green loan: A loan for the execution of finance projects that contribute to solving or mitigating environmental issues, in accordance with the Green Loan Principles (see reference below).
Green Loan Principles: International guidelines for loans specifically designated for environmental purposes developed in March 2018 by the Loan Market Association and the Asia Pacific Loan Market Association. The Loan Syndications and Trading Association joined in December 2018.
*5“K” LINE Environmental Vision 2050: Blue Seas for the Future
As part of our action plan to reduce GHG emissions, “K” LINE is engaged in a number of initiatives, including the introduction of zero-emission fuels, such as ammonia and hydrogen fuels, and carbon-neutral fuels, such as bio-LNG and synthetic fuels.
https://www.kline.co.jp/en/sustainability/environment/management.html
Fast-moving changes in supply chains across the world are more complex and unexpected than ever says international freight and cargo handling insurer, TT Club. Its’s recent Bulletin focusses on drug smuggling and cargo theft in the US, along with initiatives to combat the risks, including smart containers and online animated guides to spotting fraudulent instructions to operators.
London, 25 March 2025
A kilo of cocaine is worth between USD 1,500 and USD 2,200 in producing countries such as Colombia. By the time it reaches consumer markets in Europe and North America, it can be worth between USD 30,000 and USD 80,000. Such is the profit incentive for drug traffickers.
Sea-going containers are an attractive mode of transport for these illicit cargoes. Inspections at ports and increased resources aimed at detection make up part of the armoury in fighting the burgeoning crime of drug smuggling but technology in the form accurate tracking of containers and their contents is becoming more sophisticated.
“Our latest Supply Chain Security Bulletin* delves into the data relating to this crime and also the methods evolving in an attempt to minimise the consequences,” says TT’s Mikle Yarwood. “The graphic below gives some sense of both the level of increase in the problem and the successful seizures in recent years.”
Focussing on the USA’s cargo crime profile TT’s claims analysis revealed in the Bulletin shows a significant increase in the total number of reported thefts of all types of cargo, up by over 60% in 2024 over two years prior. Thefts of full loads from cargo handling facilities or depots made up nearly half of these last year as opposed to 29% in 2023. A change in regional trends across the States are also examined and illustrated in the graphic below.
“At TT we will continue to interrogate our own, and other sources to better understand the risks across the global supply chain, not just crime,” explained Yarwood. “We are also dedicated to advising and assisting those involved in the container trades to prevent, or reduce these risks. In our current Bulletin for instance we have developed a series of loss prevention animations, available online with the aspiration of raising awareness of how thieves commonly access cargo.”
Access to the latest Bulletin, and the series as a whole is provided HERE
TT Club is the established market-leading independent provider of mutual insurance and related risk management services to the international transport and logistics industry. The Club’s services include specialist underwriting, claims management and risk and loss management advice, supported by a global office network. TT Club’s mission is to make the industry safer, more secure and more sustainable.
Established in 1968, TT Club currently services more than 1400 Members – container owners, operators, ports, terminals and logistics companies. Its membership covers the entire logistics journey, working across maritime, road, rail, and air ranging from some of the world’s largest logistics operators to smaller, bespoke companies managing similar risks. The Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. Its average annual customer retention rate is consistently over 95%, with some Members having chosen to insure with the Club for over 50 years.
TT Club is managed by Thomas Miller – an independent and international provider of insurance, professional and investment services.