Transport communications

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TT Club

Cargo Handling Industry Experts move to prevent Port & Terminal collisions

To minimize 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 transport insurers, TT Club, together with cargo handling industry experts ICHCA and PEMA share the latest technologies to detect and prevent collisions to promote safety.

London 27 November 2019

In an attempt to improve safety, reduce injuries and loss of life, equipment damage and minimize costly business disruption at ports and terminals worldwide, PEMA, TT Club, and ICHCA International have pooled resources to make available information to promote collision prevention. All relevant stakeholders have been involved in the development of this project. PEMA represents container crane and technology manufacturers, and TT Club and ICHCA International represent container terminals.

There is a growing number of non-contact, state-of-the- art technologies for collision prevention that can dramatically improve equipment safety and reduce risk associated with container handling. However, many of these are not currently included in national or international standards. This paper suggests that such technologies should be installed on new and existing equipment, and  covers major features and types of non-contact technologies for collision prevention at ports and terminals. Collision Prevention At Ports & Terminals is now available free from the websites of TT Club, PEMA and ICHCA.

This information paper does not carry any binding obligations, and is independent of the various local, national and international regulatory regimes on the safe design, manufacture, specification and operation of the various equipment types, which must also be satisfied. Adoption of equipment technologies to enhance risk reduction and safety, which is the primary focus of this document, must also go together with the development of robust operational safety processes.

Container terminals are inherently associated with potential safety risk, with vehicles and heavy equipment operating in close proximity. However, given that terminal plant is broadly similar and typically performs similar tasks, it is possible to model different types of collisions and place them in a matrix. To determine what may occur in each part of a terminal, this paper specifies the equipment and personnel likely to be involved in each area; and for each combination of machinery and personnel, the document analyses possible collision types and shares latest technologies to help prevent collisions.

ENDS

Link to PDF of Information Paper:  https://www.ttclub.com/loss-prevention/publications/collision-prevention-at-ports-and-terminals/

ABOUT TT CLUB

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises vessel operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors.

As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a worldwide office network providing claims management services, and first class risk management and loss prevention advice.

www.ttclub.com

Quay Cranes Minimum Safety Features Updated

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.

London 20 November 2019

The ‘Recommended Minimum Safety Features for Quay Container Cranes’ document has been updated and Revision 1 now available. Published jointly by property, equipment and liability insurance provider TT Club, the Port Equipment Manufacturers Association (PEMA) and ICHCA International, the recommendations update the original document published in 2011.  Born out of TT Club’s claims experience, the research has drawn together a formidable group of operational and engineering experience from around the globe to recommend solutions to common safety issues.

The publication calls for a new approach to the crane procurement process in order to recognise safety as an integral part of operational decisions that will minimise exposure to injury, damage and disruption costs over the life cycle of the equipment.

The recommended minimum safety features directly address the causes of accidents and failures identified by TT Club from its claims records. Some of these include:

  • Damage caused by high winds
    TT Club’s publication ‘WindStorm II – Practical risk management guidance for marine & inland terminals’, emphasises that design features play an important part in minimising exposure.  Non-technical people would be surprised at the ‘sail effect’ inherent in the ‘Meccano-like’ structures. There are innumerable instances of cranes being blown along the rails, colliding with neighbouring cranes, or being dislodged from the rails, often  leading to structural collapse. While extreme conditions cannot be entirely avoided, the recommended baseline requirements include details for driven braking system and anemometer design and operational controls with an appropriate shutdown function.  Further losses can be prevented through the installation of storm pins on both waterside and landside, as well as crane tie-downs on each corner of the crane – with appropriately positioned and engineered anchor points in the terminal apron.
  • Damage caused by collision
    Accident statistics clearly demonstrate that collisions are a surprisingly recurrent problem. Most commonly, it is the boom of the crane that impacts a ship’s superstructure, resulting in substantial repair costs and consequent downtime. TT Club has for a number of years recommended the installation of radar or laser electronic sensors. This proven technology, integrated appropriately into the operational systems, allows the crane to come to a ‘normal’ stop prior to impact.
  • Risk of fire
    The incidence of fires in quay gantry cranes is low, certainly compared with mobile terminal equipment. However, the position of control machinery high up on the crane structure presents a considerable challenge to most port fire response services. Thus, it is important to install temperature and smoke detection systems and provide alarms for all relevant operational staff. Fully automatic fire suppression is also recommended.

The intention of the ‘Recommendations’ is to urge suppliers to include as standard, not optional, the baseline safety features on this list in all their quotations for container quay cranes. Terminals and buyers are also recommended to incorporate such requirements in their tender specifications. In many instances the safety features identified can be retrofitted to existing equipment. This publication aims to contribute to protecting the substantial asset investment and minimising costs and injuries associated with any type of accident.

The ‘Recommended Minimum Safety Features for Quay Container Cranes’ document Revision 1 now available free from the websites of TT Club, PEMA and ICHCA.

https://www.ttclub.com/news-events/press-releases/quay-cranes-minimum-safety-features-updated-150863/

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ABOUT TT CLUB

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises vessel operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors.

As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a worldwide office network providing claims management services, and first class risk management and loss prevention advice.

www.ttclub.com

ABOUT PEMA

The Port Equipment Manufacturers Association (PEMA) was established in 2004 to provide a forum and public voice for the global port equipment and technology sectors, reflecting their critical role in enabling safe, secure, sustainable and productive ports, and thereby supporting world maritime trade.

Chief among the aims of the Association is to foster good relations within the world port equipment and technology community, by providing a forum for the exchange of views on trends in design, manufacture and operation of port equipment and technology.

PEMA also promotes and supports the global role of port equipment and technology by raising awareness with customers, the media and other stakeholders; forging relations with other port industry associations and bodies; and contributing to best practice initiatives and information.

PEMA’s growing membership represents a cross-section of port equipment OEMs, suppliers of components including brakes, cable reels, controls, drive systems, tyres and more, providers of software, systems and other advanced technologies, and expert consultants in the field of port equipment and technology.

www.pema.org

ABOUT ICHCA INTERNATIONAL

ICHCA International is the only global association dedicated to the promotion of safety and efficiency in the handling and movement of goods by all modes and throughout the supply chain.

Originally established in 1952 and incorporated in 2002, the Association operates through a series of Local, National and Regional Chapters, Panels, Working Groups and Correspondence Groups and represents the cargo handling world at various international organizations, including the International Maritime Organization (IMO), United Nations Conference on Trade and Development (UNCTAD), International Labour Organization (ILO) and the International Organization for Standardization (ISO).

ICHCA International members include ports, terminals, transport companies and other groups associated with cargo handling and coordination. Members of its Panels represent a substantial cross-section of senior experts and professionals from all sectors of the cargo transport industry globally.

Members benefit from consulting services and informative publications dealing with technical matters, best practice advice and cargo handling news.

www.ichca.com

3rd TT Club Innovation in Safety Award Presentation to Künz, CSXIT and Yardeye

Stephan Trauth of Yardeye (centre) receives the 3rd TT Club Innovation in Safety Award from Heike Deggim, Director of the Maritime Safety Division of the IMO (left) and Peregrine Storrs-Fox, Risk Management Director at the TT Club (right)

In addition, the 2nd John Strang A. O Memorial Award was received by the Health and Safety Executive UK.  Both awards were announced last night at the ICHCA 20/20 Cargo Vision international conference

London 13 November 2019 – The 3rd TT Club Innovation in Safety Award was presented last night to a joint winning delegation of Künz, CSXIT and Yardeye at the ICHCA 20/20 Cargo Vision international 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 and 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.

Heike Deggim, Director of the Maritime Safety Division at the IMO and Peregrine Storrs-Fox, Risk Management Director at the TT Club presented the safety award to Stephan Trauth of Yardeye, who accepted on behalf of the winning delegation.

The TT Club Innovation in Safety Award aims to highlight the importance of safety at a time of increased operational demands on cargo handling infrastructure and operations worldwide. It champions and celebrates the many companies and individuals around the world who are 100% dedicated to ‘making it safe’ every day. Equally, it acknowledges and fosters innovation to improve safety in cargo operations and logistics.

The judging panel was impressed to receive such a broad spectrum of innovative ideas, processes and system improvements together with technology advances that all demonstrated not just the safety needs in the cargo-handling industry but also vibrant ingenuity. From a total of 17 entries, the judges narrowed the submissions to five shortlisted concepts, each of which had substantial merit in improving safety, including the ability to be implemented in broader environments

Künz, CSXIT and Yardeye won the Award for their Winter Haven Terminal Automation and Safety System automation project. The project demonstrated how an automated intermodal terminal achieved significant safety improvements, including amongst others reduced exposure of personnel to safety risks together with much-improved ergonomic conditions for the terminal’s crane operators.

The judges were also pleased to award a ‘Highly Commended’ prize to LINX Cargo Care Group for its LINX CCG Virtual Reality (VR) safety training programme, designed to increase knowledge and understanding of potential hazards throughout its organisation.

The UK’s Association of British Ports (ABP) and Global Container Terminals (GCT) from Canada were placed joint third: ABP being recognised for its project to design and provide female-specific PPE and work wear that provides improved protection for its female staff and GCT for its Deltaport Intermodal Yard Reconfiguration Project and the semi-automation at Deltaport – GCT transitioned its rail operation from a conventional one to a semi-automated mode in order to deliver significant safety improvements.  

Fifth place was awarded to Mediterranean Shipping Company (MSC) for its MSCI container cargo inspection screening process improvement project.

Both ICHCA International and TT Club have a fundamental commitment to risk reduction throughout the supply chain and, in particular, to safety within cargo handling operations. Promoting such safety advice is paramount to the philosophy of the two organisations and the Award reflects this commitment.

Said Peregrine Storrs-Fox on presenting the Award ‘’A key part of TT Club’s mission to the industry lies in minimising risk through safety research, advice, education and active lobbying to improve standards and regulations.  This requires broad collaboration – as with our current Cargo Integrity campaign, which seeks to engage all stakeholders in the global supply chain, urging them to take responsibility for the correct declaration, packaging and handling of goods in their care. This award seeks out and profiles initiatives that squeeze out the consequences of errors and substandard practices that can be life threatening.”

The 2nd John Strang A.O Memorial Award was won by Health and Safety Executive UK, accepted by Charles Oakley on behalf of the organisation and presented by Sallie Strang, in recognition of her late father’s commitment to promoting high standards of health and safety during his tenure at ICHCA and throughout his career.  The Award acknowledges the many achievements of HSE UK in reducing the number of industrial incidents and accidents that have caused either permanent ill-health or loss of life, as well as its extensive work in the port sector to establish regulations and codes of practice to promote safety.

The ICHCA 20/20 Cargo Vision international conference continues on 13 and 14 November.

Notes to Editors

About ICHCA International

Established in 1952, ICHCA International is an independent, not-for-profit organisation dedicated to improving the safety, productivity and efficiency of cargo handling and movement worldwide. ICHCA’s privileged NGO status enables it to represent its members, and the cargo handling industry at large, in front of national and international agencies and regulatory bodies, while its Technical Panel provides best practice advice and develops publications on a wide range of practical cargo handling issues.

Operating through a series of national and regional chapters – including ICHCA Australia, ICHCA Japan and ICHCA Canarias/Africa (CARC) – plus Correspondence and Working Groups, ICHCA provides a focal point for informing, educating, lobbying and networking to improve knowledge and best practice across the cargo handling chain.

www.ichca.com

About TT Club

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

TT Club is managed by Thomas Miller.

Young Freight Forwarders Honoured at FIATA World Congress

Cape Town, 7th October, 2019

FIATA YIFFY Award Winner 2019 (l to r) YIFFY Award Winner Evgeniya Khokhlova, FIATA President Babar Badat, Thomas Sim, Chairman of FIATA’s Advisory Body Vocational Training and TT Club’s Michael Yarwood, Chairman of the Award Steering Committee

For over twenty years both FIATA and TT Club, the specialist insurer for the freight and logistics industry, have championed the development of young professionals in freight forwarding.  Now in its twenty-first year, the Young International Freight Forwarder of the Year (YIFFY) Award has been supported by both organisations in order to promote this mission.  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.

Each year, four regional finalists are selected from multiple entrants located across the world.  They are invited to attend the FIATA World Congress, providing each finalist with invaluable learning and networking opportunities.

The candidates are required to submit a 6,000 word dissertation outlining the pertinent details of an import and export shipment from their native country. The four finalists then present their dissertations in person to a panel of judges at the Congress where the overall winner is selected.

TT Club is proud to have sponsored the award throughout its history and Mike Yarwood, TT Club’s Senior Loss Prevention Executive and Chairman of the Award Steering Committee, together with FIATA President, Babar Badat presented the award to Evgeniya at the Cape Town Congress.  As the winner Evgeniya will receive two, one week training sessions with TT Club at one of its regional headquarters in London, New Jersey or Hong Kong.

The FIATA Congress, organised in partnership with the South African Association of Freight Forwarders, welcomed over 1,000 participants from around the world.  Attendees at the Gala Dinner also offered their congratulations to the other three regional finalists:

Africa/ Middle East – Mr Enos Chapara, Tracking and Documentation Agent, Bollore Transport and Logistics Zimbabwe Private Limited., Zimbabwe (SFAAZ)

Americas – Ms Rachael van Harmelen, Business Unit Sales Manager at DSV Panalpina, Canada (CIFFA)

Asia Pacific – Mr Phillip Burgess, South Island Manager, Burnard International Ltd., New Zealand (CBAFF)

Commenting on the outstanding quality of the work presented to the judges this year, Yarwood said, “I would like to congratulate all four finalists for their polished presentations and especially, of course our winner. The current global trade environment is particularly challenging and the forwarder’s role in adapting to the regulatory, political and economic pressures on themselves and their customers is consequently more crucial than ever. In these circumstances the training and professional advancement of our young professionals must be paramount.”

FIATA’s President Badat said, “The prestige of the YIFFY Award has long been recognised.  FIATA values highly the operational excellence that the award represents. We are grateful to TT Club for its sponsorship and thank all the entrants this year and in the past for their enthusiasm. We encourage our member associations to re-double their efforts in putting forward candidates for the 2020 Award and in promoting training and professional advancement opportunities in general.”

The TT Club sponsored 2020 YIFFY Award will be presented at next year’s FIATA Congress in Busan, South Korea (19th-24th October).

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About TT Club

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

www.ttclub.com

About FIATA

The International Federation of Freight Forwarders Associations (FIATA) was founded in Vienna, Austria on 31 May 1926. It is a non-governmental organisation that today represents an industry covering approximately 40,000 forwarding and logistics firms, employing around 10 million people in some 160 countries. FIATA has consultative status with the Economic and Social Council (ECOSOC) of the United Nations, the United Nations Conference on Trade and Development (UNCTAD), and the UN Commission on International Trade Law (UNCITRAL) as well as many other UN related bodies such as the World Bank. It is recognised as representing the freight forwarding industry by many other governmental organisations, governmental authorities, private international organisations in the field of transport and logistics, such as the European Commission (through CLECAT), the International Chamber of Commerce (ICC), the International Air

Transport Association (IATA), the International Union of Railways (UIC), the International Road Transport Union (IRU), the World Customs Organization (WCO), and the World Trade Organization (WTO). Learn more at www.fiata.com.

TT Club Supportive of Container Line Moves to Punish ‘Mis-declarers’

London, 8th August, 2019 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 welcomes such initiatives by liner operators as the international transport insurer has growing concerns about the lax cargo packing practices and erroneous, sometimes fraudulent, declaration of cargoes. Under the banners ‘Cargo Integrity’ and #Fit4Freight, TT Club has been collaborating with stakeholders through the freight supply chain to highlight on-going risks, including severe ship fires, arising from poorly packed and declared cargo.

In light of the increase in incidents, the loss of life, significant costs and delays to cargo deliveries, the lines are strengthening their inspection procedures and imposing fines on those shippers found to have mis-declared.

Peregrine Storrs-Fox, TT Club’s Risk Management Director commented, “Clearly, the shipper has primary responsibility to declare fully and honestly so that carriers are able to take appropriate actions to achieve safe transport. Since this is not always the case, carriers have to put in place increasingly sophisticated and costly control mechanisms to ‘know their customers’, screen booking information and physically inspect shipments. Equally, carriers have the opportunity to review any barriers to accurate shipment declaration, including minimising any unnecessary restrictions and surcharges. Penalising shippers where deficiencies are found should be applauded. Furthermore, government enforcement agencies are encouraged to take appropriate action under national or international regulations to deter poor practices further.”

TT Club’s Cargo Integrity campaign seeks not only to promote awareness of good practice, such as set out in the CTU Code[1], but also to reveal the plethora of influences from both direct and indirect stakeholders within the supply chain that result in behaviours leading to dangerous incidents on land or at sea.

“A key element of the campaign is to identify levers – both sticks and carrots – that are available to improve a safety culture in container transport, including considering unintended consequences inherent in trading arrangements or fiscal/security interventions and the possibilities presented by technological innovation,” .

[1] http://www.unece.org/trans/wp24/guidelinespackingctus/intro.html

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About TT Club

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice. TT Club is managed by Thomas Miller.

Young International Freight Forwarder of the Year Award 2019 – Regional Winners

London, 15 July 2019

Having successfully surpassed twenty years of heritage, this competition is now a traditional feature in the international freight forwarders calendar.  The collaboration between, leading international insurer, TT Club and the International Federation of Freight Forwarders Associations, FIATA is once more in a position to announce the regional winners of the Young International Freight Forwarder of the Year Award (YIFFYA) 2019.

In introducing these bright young professionals FIATA President Babar Badat said, “Encouraging more young professionals to join the FIATA community has always been a priority for me. I am encouraged again to see these excellent candidates presenting dissertations that cover a wide range of logistic subjects, which demonstrate the challenges that forwarders face every day and the customized solutions they are able to offer. My sincere congratulations to the four regional winners who are ….”

Europe – Mrs Evgeniya Khokhlova Russia (FAR)

Africa/ Middle East – Mr Enos Chapra Zimbabwe (SFAAZ)

Americas – Ms Rachael van Harmelen Canada (CIFFA)

Asia Pacific – Mr Phillip Burgess New Zealand (CBAFF)

TT Club has had the honour to sponsor the competition throughout its twenty plus years of existence and Mike Yarwood, TT Club’s Senior Loss Prevention Executive and Chairman of the Award Steering Committee commented, “In the current challenging global trade environment, where supply chains are under increasing pressure to adapt quickly to regulatory, political and economic pressures, we at TT Club believe the training and professional advancement of young freight operators must be paramount.”

This award aims to contribute to the development of quality professionals and reward young talent.”

At the FIATA World Congress in Cape Town (1st – 5th October), hosted by the South African Association of Freight Forwarders, the four regional winners will be invited to

present their dissertations to the Award Steering Committee, the final judging will take place and the winner of the YIFFYA for 2019 will be announced.  

The prize to be awarded to the winner principally consists of practical and academic training, including a week based at one of TT Club’s regional centres in London, Hong Kong or New Jersey plus a week in TT Club’s Head Office in London. Additionally, one year’s subscription to the International Transport Journal (ITJ) is provided to all four regional winners. 

The entries this year were, as ever, of a high standard and drew from a wide range of dissertation topics. The work of the entrants demonstrated the complexity of processes carried out within the global supply chain and the logistics skills required to serve it. Both FIATA and TT Club wish to thank all those individuals who entered this year’s competition and also to acknowledge their employers and national freight forwarding associations for the enthusiasm and commitment they have shown to on-going training with the international logistics and freight forwarding sector.

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About TT Club

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

About FIATA

The International Federation of Freight Forwarders Associations (FIATA) was founded in Vienna, Austria on 31 May 1926. It is a non-governmental organisation that today represents an industry covering approximately 40,000 forwarding and logistics firms, employing around 10 million people in some 160 countries. FIATA has consultative status with the Economic and Social Council (ECOSOC) of the United Nations, the United Nations Conference on Trade and Development (UNCTAD), and the UN Commission on International Trade Law (UNCITRAL) as well as many other UN related bodies such as the World Bank. It is recognised as representing the freight forwarding industry by many other governmental organisations, governmental authorities, private international organisations in the field of transport and logistics, such as the European Commission (through CLECAT), the International Chamber of Commerce (ICC), the International Air

Transport Association (IATA), the International Union of Railways (UIC), the International Road Transport Union (IRU), the World Customs Organization (WCO), and the World Trade Organization (WTO). Learn more at www.fiata.com.

Global Cargo Theft Intelligence Report for 2018 Issued

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

Leading international transport and logistics insurer, TT Club and global provider of supply chain intelligence, BSI produced their first regular Semi-Annual Global Cargo Theft Intelligence and Advisory Report late last year but this second edition is the first to cover a complete twelve-month (2018) period.

TT Club’s Mike Yarwood, explains the rationale behind the initiative, “Our 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. It demonstrates the shared goal we possess of educating supply chain professionals in the threat of cargo theft across the globe. We aim to engage in a proactive approach in preventing cargo crime and also minimising the financial loss resulting from cargo crime.”

The report, which is available as a free download https://www.ttclub.com/loss-prevention/publications/tt-club-bsi-cargo-theft-report-2018/ analyses cargo theft by modality, theft type (modus operandi), commodities targeted and the value of losses across the major regions of the world.  Please refer to the Infographic attached.

While the research found a consistency across the regions in terms of the most common modality involved (road transport) and in the commodities targeted, there was some variation in the median value of the cargo affected.  This ranged from just under $19,000 in Asia, to around $60,000 in both Europe and North America to a high of $77,000 in South America.

The methods used in the majority of cases, however varied significantly across the regions.  The global aggregation resulted in Slash and Grab at 26% topping the list, with Theft from Vehicle (19%) and Hijacking (17%) making up second and third spot.  In North and South America Hijacking was the most common method at 37% and 52% respectively.  In Asia methodology was quite different with Theft from a Facility being the most common, at 43% compared with just 19% from Hijacking.

The report includes several pieces of loss prevention advice to counter the identified threats. The risk mitigation advisory sections have been co-authored by BSI’s Advisory Supply Chain Security team and the TT Club’s claims and loss prevention team.

Yarwood goes on to say “In particular we would wish to emphasise The Insider Threat.  As security measures become more sophisticated and widespread in practice, criminal organisations are increasingly recruiting employees of targeted companies to gain data, cargo information, delivery routes and destinations and access to IT systems. Due diligence in recruiting and managing staff is paramount. In general full or part-time salaried staff are less of a security risk than sub-contractors.

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About TT Club

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

TT Club is managed by Thomas Miller.

www.ttclub.com

About BSI

BSI is the business improvement company that enables organizations to turn standards of best practice into habits of excellence. For over a century BSI has championed what good looks like and driven best practice in organizations around the world. Working with over 86,000 clients across 193 countries, it is a truly international business with skills and experience across a number of sectors including automotive, aerospace, built environment, food, and healthcare. Through its expertise in Standards Development and Knowledge Solutions, Assurance and Professional Services, BSI improves business performance to help clients grow sustainably, manage risk and ultimately be more resilient.

To learn more, please visit: www.bsigroup.com

About BSI Supply Chain Services and Solutions
BSI Supply Chain Services and Solutions is the leading global provider of supply chain intelligence, auditing services, audit compliance and risk management software solutions, and advisory services. Our mission is to help corporations, governments and associations identify, manage and mitigate global supply chain risks and maintain world class governance risk and compliance programs.  Our holistic supply chain risk management suite is designed to predict and visualize risk, and develop robust risk mitigation and compliance management programs to protect your supply chain, brand and reputation. Our intelligence-infused supply chain solutions and global network empower our clients to understand global supply chain risk with unequaled precision.

To learn more, please visit www.bsi-supplychain.com

TT Club announces excellent financial results for 2018 and A.M. Best affirms A- (Excellent) rating

TT Club, the leading internationaltransport and logistics insurance provider, today announces its financial results for the year ended 31 December 2018, and A.M. Best affirms its A- (Excellent) rating

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)

Chairman of TT Club, Ulrich Kranich, said:

“It has been a good year for the Club, although 2018 was another difficult year for the insurance industry. The global broker Aon has assessed the 2017 and 2018 years as the costliest back to back years for insured losses. Such levels of losses have not had the expected positive impact on pricing. This, coupled with the continued availability of capital, has impacted the pricing of risk, the ability of insurers to recover their outgoings and balance their books to the required level of profitability.

“Major hurricane-related industry loss events in 2017, did not significantly impact the Club and I am pleased to say this was repeated in 2018. The Club was involved with two large events ‘Maersk Honam’ and Hurricane Michael. The gross cost of Hurricane Michael to the Club is just over US$ 5 million, which should be extremely reassuring to Members as an insight into the Club’s management of its exposures.

“In spite of the premium environment being on the whole challenging, the Club’s premium income grew in 2018. The volumes declared by Members were higher than in recent years, new business was good and retention remained high. Notably, premium growth was achieved without the addition of single large accounts and the balanced growth targeted and achieved in recent years has continued.

“The growth in the number of policyholders, reducing average premiums per policyholder, has resulted in a good level of financial stability enabling the Club to focus on providing service to Members and brokers and assisting the industry with loss prevention.

“Claims performance generally, aside from the major events, was as expected for the 2018 policy year. Claims for the prior years performed significantly better than expectations. The Board manages the Club’s finances prudently, particularly in setting claims reserves. The expectation is that claims levels overall will improve as they develop. Positive development in 2018 exceeded expectations and is the major cause of the result of this year.

“For investment markets, 2018 was a challenging year, particularly in Q4 when equity markets fell substantially. The Club was budgeting to make a return of 2%, which was up on recent years and predicated in interest rates in the US increasing. The Club returned 1.32%, which, while below budget, was a good return given the Club’s portfolio contains a portion of equities in order to maintain the right balance between risk and return.

“The Club’s surplus for the year is US$ 16 million, and the Club’s total surplus and reserves have broken through the US$ 200 million barrier and stand at US$ 209 million. As announced on 23 May, the AM Best A- rating has been maintained, which is testament to the Club’s financial performance as well as the Board’s strategic vision and prudent management.”

An official announcement from A.M. Best outlined TT Club’s rating reflected the “balance sheet strength” which “is underpinned by risk-adjusted capitalisation that is at the strongest level”, as well as “prudent reserving practices and a conservative investment strategy”. The announcement also stated TT Club “recorded a strong underwriting result” in 2018.

The TT Club’s 2018 Annual Report and Financial Highlights can be downloaded here: https://www.ttclub.com/brokers/document-store/

ENDS

Notes to Editors

About TT Club

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

TT Club is managed by Thomas Miller.

www.ttclub.com

About Thomas Miller

Thomas Miller is an international provider of market leading insurance services.

Founded in 1885, Thomas Miller’s origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors; where today they manage a large percentage of the foremost insurance mutuals. Increasingly Thomas Miller applies its knowledge and expertise to the development of specialist businesses.

Principal activities include:

  • Management services for transport and professional indemnity insurance mutuals
  • Managing general agency
  • Professional services including legal services, claims and captive management
  • Investment management for institutions and private clients

www.thomasmiller.com

ICHCA invites submissions for 3rd TT Club Innovation in Safety Award

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

20 May 2019 –  The Award will be presented to the winning entrant by Heike Deggim, Director of the Maritime Safety Division at the International Maritime Organization at ICHCA’s international conference in Malta this November. The Award aims to highlight the importance of safety at a time of increased operational demands on cargo handling infrastructure and operations worldwide. The Award champions and celebrates the many companies and individuals around the world who are 100% dedicated to ‘making it safe’ every day. Equally, it acknowledges and fosters innovation to improve safety in cargo operations and logistics.

The 2nd Award was won in 2017 by Hapag Lloyd for its Cargo Patrol system.  This innovation is an industry-leading attempt to reduce fraudulent cargo declarations that obscure the true identity of dangerous goods transported around the globe. Entries for the 2017 award were numerous and varied, and the judges were pleased also to award a ‘Highly Commended’ prize to Safety Ammo for its RFID-based safety solution, developed with DP World Brisbane, to minimise the dangers faced by workers who physically handle twistlocks on the underside of containers on the waterfront.

The full report from the 2017 Award, including details of all entries submitted, has been published and is available to download for free here.

Both ICHCA International and TT Club have a fundamental commitment to risk reduction throughout the supply chain and, in particular, to safety within cargo handling operations. Promoting such safety advice is paramount to the philosophy of the two organisations and the Award reflects this commitment.

In announcing the opening of the Award entry process for 2019, TT Club Risk Management Director Peregrine Storrs-Fox said, “TT Club has always emphasised the critical nature of loss prevention in its role as a primary supplier of liability and property insurance to those operating in the freight supply chain industry.  As such, we remain dedicated to encouraging safety awareness and are delighted to maintain our support of this joint initiative with ICHCA.   This award aims to tease out and profile equipment, systems or processes that result in improvements in safety – effectively helping to ensure that workers can return home night by night.  We look forward to examining the wealth of safety innovation that will once more be encouraged by this Award.”

The Award is open to anyone – an individual, team or company – involved in cargo handling or logistics.  Entrants are required to show that a product, idea, solution, process, scheme or other innovation has resulted in a demonstrable improvement to safety.

The deadline for entries is 31 August 2019 and full details of the entry process and judging criteria can be found here.

The Award Ceremony takes place on Tuesday 12 November in Malta after day 1 of ICHCA International’s 20/20 Cargo Vision Conference & Exhibition and is a principal part of the evening’s programme. ICHCA’s flagship event promises to bring together the most influential professionals in cargo handling to discuss the best ways to improve as an industry. Tickets are reduced by 25% for those who book before 25 June here.

ENDS

Notes to Editors:

About ICHCA International

Established in 1952, ICHCA International is an independent, not-for-profit organisation dedicated to improving the safety, productivity and efficiency of cargo handling and movement worldwide. ICHCA’s privileged NGO status enables it to represent its members, and the cargo handling industry at large, in front of national and international agencies and regulatory bodies, while its ISP Technical Panel provides best practice advice and develops publications on a wide range of practical cargo handling issues.

Operating through a series of national and regional chapters – including ICHCA Australia, ICHCA Japan and ICHCA Canarias/Africa (CARC) – plus Correspondence and Working Groups, ICHCA provides a focal point for informing, educating, lobbying and networking to improve knowledge and best practice across the cargo handling chain.

www.ichca.com | www.ichca-australia.com

Follow us on Twitter @ICHCA2

Follow us on LinkedIn www.linkedin.com/company/ichca-international

About TT Club

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

TT Club is managed by Thomas Miller.

www.ttclub.com

TT Club to Present a Way Forward in the Search for a Safer Supply Chain

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

London & Hamburg, 14th May, 2019

TT Club’s Risk Management Director, Peregrine Storrs-Fox will join with Craig Neame, Partner in global law firm HFW in suggesting a path to improved safety amid the complexity of a container supply chain currently experiencing a serious ship fire, on average every sixty days.

“A lack of understanding of regulations and good practices in the classification, packing and declaration, handling and transport, of dangerous goods pervades all stakeholders within the multimodal environment, through which such high volumes of containers move around the world,” comments Storrs-Fox.  “Increasing awareness of the risks involved in the freight supply chain, strengthening training in good practices and engendering compliance through appropriate enforcement will not be achieved quickly but are tasks that must be faced.  TT Club welcomes the challenge as part of its Cargo Integrity campaign and encourages all in the industry to weigh in.”

At the Conference Craig Neame will outline some of the incendiary incidents that have occurred not just at sea but also in terminals and at berths, both locally in the port of Hamburg as well as around the world.  Consequences of dangerous mishandling can range from explosions, fires and gas clouds to serious injury, loss of life, cargo and assets. 

Storrs-Fox will suggest some solutions that are already being employed and the direction that others might take.  These will include the Hazcheck Portalˡ, which seeks to bring information on transport restrictions and regulations together in one place, Cargo Patrol, an attempt to identify undeclared and misdeclared dangerous goods before they are shipped on board and the potential of blockchain technology to eliminate errors in data transmission and interpretation.

Full details of the Conference Agenda over Tuesday and Wednesday 14th and 15th May can be found here Global Liner Shipping

ˡHazcheck

About TT Club

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

www.ttclub.com

About HFW

HFW is a leading global law firm in the aerospace, commodities, construction, energy, insurance, and shipping sectors. The firm has more than 600 lawyers, including 180 partners, based in offices across the Americas, Europe, the Middle East and Asia-Pacific. HFW prides itself on its deep industry expertise and its entrepreneurial, creative and collaborative culture.