TT Club

FIATA International Federation of Freight Forwarders Associations and TT Club, the leading international freight transport insurer, are excited to unveil this year’s outstanding regional achievers of the Young Logistics Professionals (YLP) Award 2023.

The 2023 regional winners are:

• Region Africa and Middle East: Andre Hein Gerber, SAAFF, South Africa
• Region Americas: Viktoriia Rudyk, CIFFA, Canada
• Region Asia-Pacific: Hasbi Bin Yaakob, SLA, Singapore
• Region Europe: Nils von Salzen, DSLV, Germany

FIATA and TT Club express their heartfelt congratulations to the four regional winners and acknowledge the paramount importance of such competitions that encourage young people to showcase their talents and dedication in the logistics industry. By participating in the YLP Award, these young professionals have not only demonstrated their profound knowledge but also honed their skills.

The YLP Award is significant in inspiring and nurturing the next generation of logistics professionals. This year again, exceptional dissertations were submitted by the winners, which not only capture the intricacies of the global supply chain but also consider diverse parameters, displaying their ingenuity and commitment.

FIATA and TT Club are delighted to continue encouraging and celebrating the brilliance and dynamism of YLP and recognise the invaluable experience and exposure gained through such competitions, paving the way for these young professionals to make a positive impact on the industry’s future. Both organisations eagerly look forward to resuming the physical competition format, this year again, providing an enriching experience for the regional winners at the FIATA World Congress in Brussels, Belgium. The event offers a unique opportunity for them to immerse themselves fully in the freight forwarding community, fostering valuable connections and furthering their careers.

Belgium, known for its strategic location at the heart of Europe, plays a crucial role in the logistics landscape, serving as a major gateway for trade and commerce. By participating in this prestigious event in Brussels, the regional winners will gain valuable insights into the intricacies of the Belgian logistics industry, further enhancing their understanding of global supply chains and exploring new avenues for collaboration and growth.

About FIATA

FIATA International Federation of Freight Forwarders Associations is a nongovernmental, membership-based organisation representing freight forwarders in some 150 countries. FIATA’s membership is composed of 111 Associations Members and more than 5,500 Individual Members, overall representing an industry of 40,000 freight forwarding and logistics firms worldwide. Based in Geneva, FIATA is ‘the global voice of freight logistics’ www.fiata.org.

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. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 97% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.

https://www.ttclub.com

Morten Engelstoft has been elected as the new Chairman of TT Club as Ulrich Kranich retires.  Three new Directors also announced. 

The liability insurance provider to the international cargo and logistics industry has announced that Morten Engelstoft is to take over as Chairman of both Through Transport Mutual Insurance Association Limited (Bermuda) (‘TTB’) and TT Club Mutual Insurance Limited (UK) (‘TTI’)* on the retirement of the present incumbent, Ulrich Kranich.

Engelstoft spent thirty-six years in various positions and across three regions within Maersk. He retired in June 2023 from the position of CEO of APM Terminals. He has a depth of knowledge and vast experience in operations that are at the core of TT Club’s membership base.

He commented, “TT Club remains the foremost specialist insurance provider to the majority of container shipping lines, a substantial number of terminal operators and a wide range of logistics and transport operators.  I look forward to leading the Boards and helping to guide the Club on its continuing path of providing essential cover and valuable loss prevention advice to a dynamic and vital global transport community.”

Ulrich Kranich retires from his position as Director and Chairman of the Club after sixteen years.  Charles Fenton, CEO of TT Club took the opportunity of thanking Kranich. “Ulrich has been a much valued guiding hand in a period that has seen significant change in our industry.  His insight and wise advice has been fundamental to TT’s continued success in this period,” he said.

Kranich commented, “It has been an honour to lead such a valued organisation owned by the industry and in Morten the Club has a fantastic person to take the Club forward to continue to support Members ”.

Ulrike Baum of Rohlig Logistics who has been on the Board since 2016 has stepped down as director. She was similarly thanked for her service, which included time on Board Committees.

Marika Calfas of NSW Ports in Sydney has been appointed to the Board; as has been John Chambers, currently Specialist Director – Insurance who also serves on the TTI Board. Miguel d’Orey of Orey Shipping in Lisbon has been appointed to the TTI Board.

*TTB is composed of a large group of directors that meets three times a year and provides leadership and industry view that impacts long-term strategy. TTI is a subsidiary of TTB. A smaller group, it meets more frequently to provide closer oversight of the Club’s operational and financial performance.

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. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 97% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.

https://www.ttclub.com

With the publication of TT Club’s 300^th Edition of its monthly advisory TT Talk, the international freight transport insurance specialist announces additional resource for its loss prevention function in the shape of two more risk management professionals.

London, 12th July, 2023

The loss prevention function is pivotal to the mutual ethos of TT Club, which strives to guide those it insurers – and indeed the wider industry – in all aspects of risk through the container transport and global logistics supply chain. The latest TT Talk is evidence of the insurer’s commitment to this service. For over twenty-five years the monthly, online newsletter has extended awareness of, and offered advice on how to mitigate specific risks to an audience of the Club’s Members as well as the industry at large. Under the title, ‘Container Industry: incremental change?’, TT Talk #300 takes the opportunity to examine the dynamic influences that have moulded the industry since issue #1 was produced and look ahead in relation to current issues. It can be read in full HERE

“Our aim in producing TT Talk has always been to remain topical in terms of the risks we cover,” says Rick Management Director, Peregrine Storrs-Fox. “Drawing on a range of sources, including the risks that are presented for insurance and the extensive claims data at our disposal, as well as ongoing interactions with the global industry, like-minded associations and governmental agencies, we seek to enhance the likelihood of successful outcomes and above all ensure the safety and security of the supply chain workforce around the world.”

Underlining TT’s on-going dedication to providing such valuable loss prevention guidance, the Club has announced the commitment of additional resources to its team. Josh Finch has joined as Logistics Risk Manager and Neil Dalus becomes EMEA, Risk Assessment Manager.

Commenting on the appointments, Mike Yarwood, MD Loss Prevention said, “We are providing additional manpower for the benefit of both our logistics and terminal operations clients. Josh, from a background of warehouse management and road transport, and Neil as an engineer from the port industry will add significant strength to our existing team. They will allow TT to increase its risk management and loss prevention service across all aspects of the container supply chain.”

Josh Finch has fifteen years’ experience in the logistics industry featuring various operational and project management roles. His positions as operations manager at the independent UK logistics company, Howard Tenens and at DHL Supply Chain, as both operations and transport manager, have allowed him to acquire a depth of knowledge into the practical, day-to-day application of risk mitigation policies.

Neil Dalus’ career extends over twenty-plus years managing port and port related infrastructure and assets. This experience includes positions in Local Authority, Consultancy and eleven years at PD Ports, starting as a civil engineer and progressing to Group Engineering Director. His skills and knowledge will ensure that port authorities, as well as cargo handling and terminal operators are well advised as to their specific risk profiles.

The full library of 300 TT Talk’s plots the ever-changing dynamics of the freight transport world and the evolving nature of risks that attend it. The resources that TT invests in its loss prevention activity will endeavour to keep pace with such changes and challenges, continuing to inform the industry as comprehensively as it can.

ENDS

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. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 97% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.

https://www.ttclub.com

The latest analysis from international freight insurer, TT Club and business improvement consultants BSI SCREEN, reports dramatic 2022 year-on-year increases in freight crime in Chile with incidents of theft estimated at 27% up on pre-pandemic levels.

• A 450% increase in the frequency of insurance claims in 2022
• Increased value of claims over same period of 820%
• Over half of cargo crime incidents involve hijacking
• Insider threat heightened due to socio-economic factors
• Most common commodities targeted were electronics (25%) and foodstuffs (20%)

TT Club has once more come together with BSI SCREEN, this time with the Logistics Association of Chile (ALOG) and the crime investigation unit, Signum Services (an associate of TT within the Thomas Miller Group), to focus on a worryingly dramatic trend in the Chilean freight transport sector.  The extensive report, based on the wide-reaching data resources of the four organisations, has recently been published.  Entitled ‘Freight crime in Chilean supply chains’ it is available for download HERE

In an introduction to the risk landscape, the report notes that pandemic-induced measures such as quarantine, restrictions in movements, curfews and had the effect of reducing the incidence of cargo theft for much of 2020 and 2021.  However, last year, with such limitations lifted, levels of crime sprung back with vengeance to 27% higher than pre-pandemic levels, according to ALOG data.

“The underlying factors that seem prevalent in explaining the alarming statistics seem to be predominantly social and economic in nature,” comments TT’s Managing Director of Loss Prevention, Mike Yarwood.  “Inflation, increases in the cost of living and social unrest have motivated individuals to turn to crime.  These circumstances, which also encourage a larger black market, particularly in foodstuffs, instil heightened criminality in the population.”

Indeed, the report found that criminal organisations that are behind much of the theft have exploited to a greater degree than in the past those employed in the supply chain, to provide valuable data and information on cargo flows, nature of loads and an ability to falsify delivery instructions. Labour strikes, also common in a recession, create pinch points in the usual smooth flow of goods. Such locations become a focal point for crime. The reported statistics show that second to hijacking as a mode of theft (57%), is the combined activity of stealing from a facility or of a vehicle itself, when cargo is at rest, contributing to 32% of all incidents. 

“A primary goal of TT in participating in this report is the same as that of our partners at ALOG and BSI,” says Yarwood. “It is to create a greater awareness of the threats, so operators can take mitigating protectionist steps. To this end, our report carefully details two of the primary strategies used by the criminal fraternity, – hijacking and the use of insider knowledge and cooperation.  The report also provides a well-researched case study on the role criminal organisations are playing in infiltrating the supply chain in Chile, and throughout Latin America.”

As with all awareness reports of this nature, TT and its co-authors are keen to offer guidance on how such theft risks can be alleviated with advice, in particular on combatting the criminal device of fictious pick-ups. The report contains a long list of measures from secure verification procedures and driver ID checking to staff training in identifying suspicious circumstances and monitoring through tracking technology to ensure shipments are being delivered correctly.

“With the help of our partners, utilising a wide range of in-depth data resources, TT will continue to research cargo crime internationally in order to forearm the supply chain industry with information on trends in such damaging losses,” concludes Yarwood.

ENDS

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. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 97% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.

https://www.ttclub.com

About BSI

BSI is the business improvement and standards company that enables organizations to turn standards of best practice into habits of excellence, ‘inspiring trust for a more resilient world’. For over a century BSI has driven best practice in organizations around the world. Working with over 77,500 clients across 195 countries, it is a truly global business with skills and experience across all sectors including automotive, aerospace, built environment, food and retail and healthcare. Through its expertise in Standards and Knowledge, Assurance Services, Regulatory Services and Consulting Services, BSI helps clients to improve their performance, grow sustainably, manage risk and ultimately become 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, global supply chain verification auditing services, audit compliance and risk management software solutions, and advisory services. BSI’s supply chain services and solutions and services can work independently to address specific needs or combined together to gain unparalleled visibility into your global operations. Implementing BSI’s holistic supply chain risk management suite provides organizations with a complete solution for a more sustainable and secure supply chain.

To learn more, please visit www.bsigroup.com/supplychain

About ALOG Chile

The Logistics Association of Chile – ALOG Chile A.G., is the entity that brings together Logistics Operators, Freight Forwarders, and Logistics Service Providers at a national level. ALOG Chile A.G. consists of approximately 90 member companies, categorized as Active members, Collaborative members, and Independent Professional members, encompassing 90% of the national market.

 In its spirit of multi-nationalist work, ALOG Chile A.G. participates in the International Committee of the National Chamber of Commerce (CNC) as an active member. Internationally, it is a member of the International Federation of Freight Forwarders Associations (FIATA) and has a collaborative working agreement with the Colombian Federation of International Trade Logistics Agents (FITAC).

At the heart of efforts to draw attention to the hazards inherent in transporting lithium-ion batteries, specialist freight insurer TT Club now urges debate leading to a balanced, yet realistic awareness of the dangers, and a united approach to enhancing their safe carriage. Improved regulatory clarity is required and auto manufacturers need to address transport safety issues more thoroughly.

London, 21^st June 2023

Rapid development of battery technology and the uncertainties created by these developments, particularly concerning safety when the energy packs are being transported require the logistics industry to have a clear understanding of the dangers which can include fire, explosions and toxic gas emissions.  Moreover, there needs to be increased efforts to minimise the risks, and if necessary, make sure there is an effective response to any catastrophic event.

Alarmist reports in the media can overstate the number of incidents involving electric vehicles.  Indeed Peregrine Storrs-Fox, Risk Management Director at insurance mutual TT Club points out that “Lithium-ion (li-ion) battery fires are not an everyday occurrence.  But when thermal runaway does happen, the result is release of toxic gases such as carbon monoxide and hydrogen cyanide, a very high temperature fire and can spread very fast.”

The release of toxic fumes may be the first alert, but fire with temperatures higher than 1,000degs centigrade can be reached in a matter of seconds and, as the mix of chemicals and metals ignites, devastation can ensue.

In keeping with its mission to extend awareness and achieve a united front, TT Club was delighted to be part of a forum of interested parties which was held recently in London.  Much was revealed by the speakers and valuable debate ensued.  “Supply chain players including ship owners, carriers, forwarders, terminal and port operators and insurers are engaged with these debates. Indeed, the maritime regulator IMO (International Maritime Organization) has its guidance for carriage of these batteries under serious review,” says Storrs-Fox.  “But we need to bring manufacturers of EVs and the batteries that power them actively into the debate.  Their ambitions for the development of more powerful, lighter and diverse battery cells must not be allowed to outstrip prioritising safety concerns surrounding their future transportation around the globe.”

Such concerns regarding the battery packs within electric vehicles (EVs) have been raised in the US and the National Transportation Safety Board (NTSB) has carried out a study.  The forum heard that EVs were reported to have incurred fewer fire incidents than internal combustion engine (ICE) cars. However, there are a few provisos to be highlighted here – not least that there are far fewer electric cars on the road than ICE vehicles.

Secondly it is understood that newer batteries are less likely to ignite or explode than used batteries, effectively the older the li-ion unit, the greater the chance of an incident. As a result, it is not clear how the batteries will perform through the intended life, given that the switch to EV’s is only now gathering pace and most battery packs are new.

Regarding the rapid spread of fire, Eva Mckiernan, the technical director at firefighting consultancy Jensen Hughes highlighted the dangers of thermal runaway as the most pressing issue after ignition.  She explained that these energy packs are thermo-dynamically unstable.  When the batteries are damaged, they can release hot and poisonous gases into containers or onto car decks of ro-ro ships and other vehicle carriers within seconds.  When the batteries explode those extraordinary temperatures can be reached.

“Thermal runaway occurs when the heat and chemical reactions reach a certain level, they are effectively self-sustaining and very difficult to extinguish,” she added.

Of course, EVs are just one use for li-ion batteries, which can be found in a variety of goods including e-bikes and scooters, as well as computers and mobile phones.  All of these goods are transported with batteries in containers. Whilst transported as new, it may be reasonable to expect appropriate packaging, although state of charge is variable, used and damaged batteries present considerable uncertainty for the transport supply chain. 

“Currently li-ion batteries are classified as one of four UN numbers, depending on power output or the weight of lithium in them and whether they are contained within devices or shipped separately.  All four are Class 9 in the IMDG Code – Miscellaneous dangerous substances and articles,” explained Storrs-Fox.  “Class 9 is the least hazardous ranking and dates from a change in IMDG Class from 4.3, which was made in the late eighties.  Clearly there is a need for a radical review of this classification, as the size and energy capacity of these batteries has altered dramatically since then.  As has the volume being carried in container ships.”

This raises concern that li-ion batteries are not classified as sufficiently hazardous and the range of potential Special Provisions increases complexity and uncertainty.  All this may have serious ramifications when a container is being accepted for shipment or a ship stowage plan is being compiled. Storrs-Fox concludes, “In addressing the commercial opportunity in the answering the agenda to move away from fossil fuels, there needs to be urgent engagement from manufacturers and OEMs to resolve the justifiable concerns of the logistics industry – ahead of regulatory strengthening.”

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. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 97% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.

https://www.ttclub.com

In response to the exponential growth in contraband drugs entering Europe via ports on the Atlantic seaboard, specialist freight insurer TT Club is increasing its efforts to promote industry awareness of both trends in criminal activity and methods of combatting its success.

In the past two months, since the beginning of April, yet more examples of criminal gangs utilising the complexity of European import trades to smuggle in drugs have continued to emerge.  Reports include cocaine in containers of fruit through the port of Antwerp; in Rotterdam narcotics were discovered in reefer containers carrying melons from Panama; ecstasy with a value of €1.5 million in a truck at Calais and Le Havre emerging as a hotspot for cocaine imports; 133 kilos of marijuana and hashish at the Port of Motril in southern Spain brought in from North Africa, and news of smuggling gangs with links to Brazil operating in Lisbon and Oporto.

“These are just fragments of the evidence that we have of the crucial role ports are playing in the illicit drug trade across Western Europe,” comments Mike Yarwood, Managing Director Loss Prevention at TT Club.  “110 tons of cocaine were seized at the port of Antwerp last year and much has been reported of how the city has become the European hub for drug importation.  But the network of channels for the trade is widespread and few ports along the seaboard can turn a blind eye to the problem.”

To open the industry’s eyes to the dangers yet further, TT is committing significant resource to collating detailed reporting, including that of their partner BSI Screen, to create greater awareness of the sophisticated methods that criminals employ, the extent of their geographical reach and the diverse gateways they are using to supply the vast European market for illicit drugs.

“Increasing awareness, particularly the role of European ports in drug smuggling is crucial to restricting this trade,” comments Erica Bressner, BSI’s European Analyst.  “Especially as indications show that smuggling at ports may be increasing for certain key narcotics, like cocaine. Europol has reported record-setting seizures of cocaine every year since 2017, particularly in seaports. This points to a growing market for the narcotic as cocaine becomes more affordable to the average consumer.”

“In response, European port authorities have worked to implement additional security measures to combat this trade and its concurrent violence. However, the control of the criminal syndicates is such that they have the ability to adapt their smuggling routes to evade authorities. This includes a diversification of smuggling routes to target non-traditional ports of entry where security measures are less intensive,” says Bressner.

With the potentially enormous profits to be made within the drugs trade, funds to bribe port employees and others working in the transport infrastructure are readily available.  Customs officials and police officers are not beyond corruption and the current levels of inflation and high living costs are further incentivising those that were perhaps beyond reproach in the past.  In addition to corruption, the criminal syndicates are able to discover key contacts at the ports (often online and through social media) and threaten them and their families with harm to ensure their compliance and silence.

Ports offer an attractive transfer point for drugs from sea going vessels and containers to trucks.  These trucks leaving for the hinterland can contain contraband, often without the driver’s knowledge, and are hijacked, increasingly by heavily armed and brutal gangs.  Also becoming more extensive is computer hacking, either to directly obtain information of a specific containers whereabouts or intended destinations, or to plant tracking software that facilitates raids at pinpointed locations.

Much more vigilance across European port communities is clearly required.  TT’s Yarwood outlines one strategy, “Employee vetting and training both in terms of motivating them to be vigilant and loyal but also in terms of maintaining secure processes of documentation and online communication.  Identifying the more common origin points of contraband cargo, such as South America and North Africa, and ‘rogue’ consignees and unexpected delivery points will help,” he advises.

Security at the established targeted ports has naturally been increased with, for example a new seventy-strong security corps established in Antwerp, increased CCTV surveillance and the use of drones in Rotterdam, and a specialist anti-drug trafficking police unit in the Netherlands.  However, the crime groups are well entrenched, having established long tentacles throughout supply chains and are sophisticated in their expertise and knowledge of how trade works. 

“We are dealing with global crime syndicates,” concludes Yarwood.  “Efforts to combat their activities will be akin to squeezing a half-inflated balloon, we may constrict them in one or two ports but they will find ways to exploit others.  We urge all in our industry then to be aware of the possibilities of drug importation and to take all steps they can to restrict this illicit trade.”

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. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 97% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.

https://www.ttclub.com

About BSI

BSI is the business improvement and standards company that enables organizations to turn standards of best practice into habits of excellence, ‘inspiring trust for a more resilient world’. For over a century BSI has driven best practice in organizations around the world. Working with over 77,500 clients across 195 countries, it is a truly global business with skills and experience across all sectors including automotive, aerospace, built environment, food and retail and healthcare. Through its expertise in Standards and Knowledge, Assurance Services, Regulatory Services and Consulting Services, BSI helps clients to improve their performance, grow sustainably, manage risk and ultimately become 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, global supply chain verification auditing services, audit compliance and risk management software solutions, and advisory services. BSI’s supply chain services and solutions and services can work independently to address specific needs or combined together to gain unparalleled visibility into your global operations. Implementing BSI’s holistic supply chain risk management suite provides organizations with a complete solution for a more sustainable and secure supply chain.

In a move to underline further the mutual insurer’s commitment to making the industry safer and more secure, TT Club has joined the Maritime Anti-Corruption Network (MACN), which represents a pre-eminent example of collective action to tackle corruption in the maritime sector.

TT Club has long been aware of the issues surrounding corruption in the maritime transport industry.  The insurer is dedicated to ensuring these corrupting effects on the overall integrity of freight transport worldwide are minimised, if not eradicated.  As such TT is delighted to partner with the MACN, an organisation with an exceptional track record of highlighting and reducing corruption. 

MACN is a global business network working towards the vision of a maritime industry free of corruption that enables fair trade to benefit of society at large. With a current membership of over 180 organisations globally, MACN has three primary objectives: Capability Building, Collective Action and Collaboration.

As the only non-P&I insurer to be part of MACN, and as a specialist mutual insurer in both maritime and shoreside multi-modal activities, TT is well placed to use its established skills in co-developing and sharing best practices across the complex global supply chain on both land and at sea.

TT will work with MACN in implementing its Anti-Corruption Principles by raising the awareness of corruption issues and promoting best practices to combat its effects.  Moreover the insurer will help MACN promote their drive for collective action with the aim of creating a more sustainable operating environment through anonymous reporting and data analysis.  Finally, through its experience and knowledge of shore-side operations TT will widen the scope of MACN efforts to combat corruption beyond its current maritime focus.  All in support of their own insured Members’ operations.

In commenting on TT’s new membership, COO Mark Argentieri said, “At TT we have aligned our ESG strategy with the UN Global Compact and its Sustainable Development Goals, becoming a signatory to the UN Principles for Sustainable Insurance (UN PSI) late last year.  In now joining MACN, we are taking a further step in focusing on the issues that are most relevant to our own Members, and where the Club is able to have a positive impact, cooperating with international institutions that are dedicated to ensuring increased transparency in maritime transactions and enhanced procedural integrity.”

In welcoming TT as a new member, Cecilia Müller Torbrand, CEO of MACN said, “We are delighted to welcome TT Club to the Maritime Anti-Corruption network (MACN) and look forward to working together towards the elimination of all forms of maritime corruption. It is exciting that we will be able to reach a new group of stakeholders with TT Club as a Member.”

Within TT’s stated ESG framework (outlined in full HERE) there are particular committed actions that are very much in line with MACN’s aims.  TT’s history of working with governmental organisations such as the IMO, and a swathe of industry representative associations in order to improve safety, security and environmental standards is impressive.  The Club will replicate these efforts in working with governments, regulators and other key stakeholders to promote widespread action on anti-corruption matters.

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. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 97% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.

https://www.ttclub.com

About the Maritime Anti-Corruption Network (MACN)

The Maritime Anti-Corruption Network (MACN) is a global business network working towards the vision of a maritime industry free of corruption that enables fair trade to the benefit of society at large. Established in 2011 by a small group of committed maritime companies, MACN has grown to include 190 companies globally, and has become one of the pre-eminent examples of collective action to tackle corruption.

MACN and its members work towards the elimination of all forms of maritime corruption by: raising awareness of the challenges faced; implementing the MACN Anti-Corruption Principles and co-developing and sharing best practices; collaborating with governments, non-governmental organizations, and civil society to identify and mitigate the root causes of corruption; and creating a culture of integrity within the maritime community.

https://macn.dk/

Luise Doyle and Yee Lin Chan have taken new roles at the leading international freight and logistics insurer. The two experienced underwriters are tasked with growing the Club’s specialised portfolio and motivating a well-established team, which is seeing promotion from within.

London, 25^th April 2023

Luise Doyle has been promoted to Regional General Manager EMEA, having worked her way up from Underwriting Assistant in 1990. She became TT’s youngest ever Senior Underwriter in 1998 and subsequently Deputy Director of Underwriting in 2020. Her vast experience will be a boon to the growth of the EMEA region and to her team in maintaining TT’s reputation for service to its Members.

Yee Lin Chan, having worked with Luise for many years, takes over as head of TT’s London Market Underwriting team. Yee joined TT in 2011 and has held various EMEA market underwriting positions since. Returning from maternity leave in February 2023, she is now promoted to the role of Senior Underwriter of the London Market Team, a key position in guiding the continued strength of TT in a core market for the Club. She will be responsible for managing all TT’s London wholesale broker business, which includes 100% mutual Members in addition to the subscription wholesale business written by the Club.

ENDS

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. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 97% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.

https://www.ttclub.com

The latest Annual Cargo Theft Report for 2022 from partners TT Club, TAPA EMEA and BSI SCREEN Intelligence shows an overall decline in global incidents over the previous year but with increasing emphasis on basic goods, food and beverages, fuel and auto parts linked to the inflationary effect on the value of such items.  Theft of high value electronics remains constant.

As in the past the united trend analysis and experience of the three organisations, international freight insurer TT Club, the Transported Asset Protection Association’s Europe, Middle East & Africa region (TAPA EMEA), and BSI, the business improvement and standards consultants, supply concerted insight to the changing dynamics of cargo theft around the world.  The 2022 Cargo Theft Report reflects this strength of observational data and comprehensive incident reporting.

The salient conclusions of this year’s report are:

• Consistent level of theft from facilities
• Increase in container and trailer theft
• Global reduction in hijackings
• Easing of international losses from unsecured parking and from areas adjacent to port facilities
• Inflationary trends effect black market demand for more basic goods
• Food and beverages, auto parts and fuel all increasingly targeted
• High-end electronics remain a frequent target

The over-arching trend is for criminals to adapt to inflation and lessened port congestion and evolve more fraudulent methods of targeting specific goods.  “Our report explores these themes in more detail by way of case studies that look at how social unrest in Latin America, particularly Chile, Peru and Brazil, has provided a weakness exploited by thieves,” points out Mike Yarwood, MD Loss Prevention at TT.  “Also, how in South Asia crime involving fraudulent practices, like fictitious pickups to target cargo, are manifest.”

Of the increases in various types of commodities stolen, as illustrated above, TAPA EMEA identified a significant year-on-year rise in the number of fuel thefts recorded in the region, one of the most prominent trends recorded. “This is clearly driven by the impact of the war in Ukraine on global oil prices and the cost-of-living crisis affecting consumers in many countries. We gathered intelligence on fuel losses in 28 countries across EMEA, but mostly in Germany and the United Kingdom, which accounted for 72%.  Higher value fuel crimes also signalled the involvement of bigger organised crime groups, notably thefts from fuel depots,” said Thorsten Neumann, President & CEO of TAPA EMEA.

Consistent with past publications, advice on steps that can be taken to mitigate the risk of theft are offered in the report.  “In particular, we are keen to give guidance on how operators can combat the practice of fictious pick-ups and the threat of insider influence in cargo crime,” said David Fairnie, BSI’s Principal Consultant on Supply Chain Security.  “Our guidelines are extensive and they can help to reduce risk and enhance the overall security and resilience of the supply chain. However, it’s important to recognize that there is no one-size-fits-all approach.  Each organization must develop a tailored risk management plan based on its specific risks and circumstances.”

The 2022 Cargo Theft Report is available for download free of charge

https://www.ttclub.com/news-and-resources/publications/tt-bsi-cargo-theft-reports/bsi-tt-club-and-tapa-emea-cargo-theft-report-2022/?utm_source=Press&utm_medium=Press-release&utm_campaign=cargo-theft-22

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. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 93% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.  

www.ttclub.com

About BSI

BSI is the business improvement and standards company that enables organizations to turn standards of best practice into habits of excellence, ‘inspiring trust for a more resilient world’. For over a century BSI has driven best practice in organizations around the world. Working with over 77,500 clients across 195 countries, it is a truly global business with skills and experience across all sectors including automotive, aerospace, built environment, food and retail and healthcare. Through its expertise in Standards and Knowledge, Assurance Services, Regulatory Services and Consulting Services, BSI helps clients to improve their performance, grow sustainably, manage risk and ultimately become 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, global supply chain verification auditing services, audit compliance and risk management software solutions, and advisory services. BSI’s supply chain services and solutions and services can work independently to address specific needs or combined together to gain unparalleled visibility into your global operations. Implementing BSI’s holistic supply chain risk management suite provides organizations with a complete solution for a more sustainable and secure supply chain.

To learn more, please visit www.bsigroup.com/supplychain

About TAPA EMEA

TAPA EMEA was formed in 2000 to tackle the multi-billion euro problem of cargo thefts from supply chains. Today, it boasts over 900 member companies in the Europe, Middle East & Africa (EMEA) region, including many of the world’s biggest manufacturers and logistics service providers as well as leading SME freight forwarding and transport operators, insurers, law enforcement agencies, security service providers, and other stakeholders.

TAPA EMEA is working to minimise cargo losses and increase supply chain resilience by helping its member companies top understand and manage risks. TAPA EMEA achieves this through the development and application of its global supply chain Security Standards, collating and sharing of cargo crime incident intelligence, training, networking and through its support of, and collaboration with law enforcement agencies, governmental and regulatory bodies.

For more information go to www.tapaemea.org