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“K” Line delivery of Next-generation Environmentally Friendly Car Carrier Fueled by LNG “CENTURY HIGHWAY GREEN”

March 22, 2021 by

On March 12, the “CENTURY HIGHWAY GREEN”, a car carrier fueled by LNG (liquefied natural gas) that had been under construction at Tadotsu Shipyard Co., Ltd., part of the Imabari Shipbuilding Group, has been delivered to “K” LINE.

“CENTURY HIGHWAY GREEN”

She is a next-generation environmentally friendly vessel expected to reduce emissions of carbon dioxide (CO2), which is a greenhouse gas (GHG) by 25% to 30%(*1), emissions of sulfur oxides (SOx), which cause air pollution, by almost 100%, and emissions of nitrogen oxides (NOx) by 80% to 90% with the use of Exhaust Gas Recirculation (EGR) in addition to the use of LNG fuel, compared to conventional vessels using heavy fuel oil. The launch of “K” LINE’s first LNG-fueled car carrier realizing transportation with a low environmental impact is an important milestone for achieving the targets set forth in the “K” LINE Environmental Vision 2050(*2).

In addition, a remote naming ceremony was carried out on March 3, ahead of the vessel’s delivery. Four locations in Aichi, Kagawa, Okayama, and Tokyo were connected online, with attendees including Toyota Motor Corporation (head office: Toyota-city, Aichi; President and Representative Director: Akio Toyoda) Chairman and Representative Director Takeshi Uchiyamada and his wife, Ministry of Land, Infrastructure, Transport and Tourism Maritime Bureau Director-General Shinichiro Otsubo, Ministry of the Environment Chugoku-Shikoku Regional Environmental Office Director Kenji Kamita, Imabari Shipbuilding Co.,Ltd. President Yukito Higaki and “K” LINE President and Representative Director Yukikazu Myochin. The vessel was named by adding the word “GREEN” evoking images of harmony with the planet and the environment to the traditional name of “CENTURY HIGHWAY” that has been used in four of “K” LINE’s car carriers in the past.

The vessel utilizes a variety of environmental measures and digital technologies in an effort to improve safety, environment, and quality that are important issues for “K” LINE

Overview of the Vessel

Length of over all  : 199.98 meters

Beam : 37.2 meters

Maximum number of cars loaded : 7,080 vehicles

Gross tonnage : 73,515 tons

LNG fuel tank capacity : 2,439 cubic meters

Registry  : Japan

  • Environmental Specifications of the Vessel　
  • The vessel uses a dual fuel main engine and auxiliary engines (generator, boiler) capable of operating on either LNG or Marine Gas Oil (MGO). The main engine uses a high-pressure type ME-GI engine, reducing emissions of methane slip (unburnt gas), which is a greenhouse gas.
  • The main engine utilizes EGR and the generator utilizes Selective Catalytic Reduction (SCR), clearing NOx Tier III regulations when using either LNG and MGO fuel.
  • The construction of the vessel received support of the “Model Project for Measures to Reduce Emissions of CO2 from Vessels Utilizing Alternative Fuels” that is a joint project by the Ministry of the Environment and the Ministry of Land, Infrastructure, Transport and Tourism.
  • Part of the construction funding for the vessel was procured from Mizuho Bank, Ltd. and Sumitomo Mitsui Trust Bank, Limited through Japan’s first climate transition loans.

Please see <Related Links>.

  • The vessel is equipped with training vessel specifications to promote the spread of LNG-fueled vessels and the reduction of greenhouse gases. An issue for the expansion of LNG-fueled vessels is the acquisition of IGF(*3) qualifications by the captain, chief engineer and all engineers. The requirements of IGF include on-board training on an LNG-fueled vessel, and this vessel has been designed from the outset with a maximum crew of 50, which is one of the largest crew capacities in the world, to enable many crew members to train on board.
  • Digital Technologies Installed on the Vessel
  • Expansion of on-board Wi-Fi

In addition to residential area, Wi-Fi has been installed on the cargo deck and in the engine room and LNG fuel-related equipment compartment with the aim of improving efficiency of operations such as remote monitoring of the vessel interior.

  • Installation of cameras inside the vessel

Several web cameras have been installed on the cargo deck and in the engine room, enabling real-time monitoring via PC or mobile phone within the vessel via the on-board Wi-Fi. Recording is also possible, enabling monitoring of the conditions on board from land via the Internet.

  • Utilization of mobile devices

On-board Wi-Fi can be used to share audio, video, text communication, and electronic files using smartphones and smart glasses, enabling the improvement of operational efficiency, reduction of workload, and strengthening of communication among crew members. These devices are also utilized for ship-to-shore audio and video communication.

  • Dual fuel generator preventative diagnosis system

The vessel is equipped with “ClassNK-CMAXS” made by Nippon Kaiji Kyokai as the generator status diagnostic system for preventing serious failures based on the early detection of engine anomalies.

(*1)            Based on EEDI (Energy Efficiency Design Index), the vessel is expected to reduce CO2 by approximately 45% ,which is higher than Phase-3 target of more than 30% reduction applied for new vessels with contract date after 2025.

        About EEDI : https://www.kline.co.jp/en/csr/environment/regulation.html

(*2)            “K” LINE Environmental Vision 2050 is a long-term vision on the environment established by “K” LINE in 2015. It was revised in June 2020 to set the target of “improving CO2 emission efficiency by 50% compared to 2008” which exceeds the International Maritime Organization (IMO) target for 2030 of “40% improvement,” and “introduction of LNG-fueled vessels” was set forth as an action plan for achieving this.

(*3)            The “International Code of Safety for Ships Using Gases or other Low-flashpoint Fuels” (IGF Code) established by the International Maritime Organization (IMO).

Filed Under: "K" Line

A Logistics Maturity Score for Brands Aiming for e-Commerce Growth

March 22, 2021 by

In order to help brands assess their e-Commerce logistics capabilities, leading global logistics provider GEODIS, in collaboration with professional services consultancy Accenture, has devised a methodological approach to measure the level of e-Commerce readiness. Called “Maturity Score”, it determines challenges brands have to face to rapidly adapt their logistics infrastructure to changing retail purchasing habits.

In their recent, original research study of brands developing their e-Commerce sales channels[1], GEODIS and Accenture Interactive had identified five key logistics’ capabilities needed to build and maintain flourishing ecommerce operations.

On this basis, they have devised a methodology that evaluates each e-logistics capability and converts companies’ practices into scores. The average score across the 200 companies involved in the research are a middling 58; one third of brands earned “high maturity” scores of 67 or greater; one third achieved “average maturity” with scores of 51 to 66 and the remaining third recorded “low maturity” scores of 50 or lower.

These key capabilities are skilled inventory management, agile distribution networks, flexibility of transport options, IT and software optimization and, most crucially of all, the quality of the customer experience.

Commenting on the survey’s results Ashwani Nath, Vice President and global head of e-Channel solutions, GEODIS explains, “The level of the Maturity Score is a strong indicator of a brand’s preparedness for significant e-Commerce sales growth. Few brands excel at any of the 5 key logistics capabilities and even fewer excel at all of them”.

Challenges vary in accordance with the level of maturity.  “Brands at the more mature end of the spectrum tend to struggle with flexible shipping options and, at times poor inventory management, while at the lower end brands are challenged by integration of their stores with e-Commerce networks resulting in operational inefficiencies” says Nath.

GEODIS offers brands to assess their own level of maturity along with an e-Commerce expert.

The White Paper entitled ‘Getting e-Commerce Logistics Right: Faster, Leaner, Scalable’ is available for download on the GEODIS site

GEODIS – www.geodis.com 

GEODIS is a top-rated, global supply chain operator recognized for its commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport) coupled with the company’s truly global reach thanks to a direct presence in 67 countries, and a global network spanning 120 countries, translates in top business rankings, #1 in France, #6 in Europe and #7 worldwide. In 2020, GEODIS accounted for over 41,000 employees globally and generated €8.3 billion in sales.

[1] ‘Getting e-Commerce Logistics Right: Faster, Leaner, Scalable’. The study involved phone and online interviews with 200 companies, which achieve sales revenues between $100 million and $20 billion across Europe and the US and covered a variety of sectors including electronics, fashion, home care and furnishings among others.

Filed Under: GEODIS

“K” LINE’s Car Carrier Obtains World’s First Remote Survey Notation as Newly-built Ship

March 12, 2021 by

Today, “K” LINE’s car carrier “CENTURY HIGHWAY GREEN” completed by Tadotsu Shipyard Co., Ltd., the Imabari Shipbuilding Group, became the world’s first newly-built vessel to obtain Nippon Kaiji Kyokai (ClassNK) notation certifying that the ship is adapted for remote surveys(*1).

A remote survey uses digital technology on vessel to remotely perform the inspection surveys of facilities within a vessel that has previously been performed by a class inspector on site.

Use of the remote surveys will enable “K” LINE to perform inspections without being constrained by location, and also enables surveys to be conducted while lowering the risk of infection of the crew during the COVID-19 pandemic because it is not necessary to visit the vessel. It is expected that safe operation will be enhanced through the appropriate and timely implementation of surveys.

In February 2021, ClassNK published guidelines for appropriate operation of remote surveys using information and communication technology (ICT). The “Guidelines for Remote Surveys” (Ver. 2.0) summarizes the judgment standards for ensuring reliability equivalent to conventional witness surveys with transparency in the application of remote surveys. The guidelines also include class notation requirements for the vessel with reliable telecommunications equipment and is adapted for remote surveys.

CENTURY HIGHWAY GREEN has significantly enhanced on-board and ship-to-shore telecommunications equipment compared to conventional vessels and obtained the remote survey class notation in recognition of this point.

Examples of Enhanced Telecommunications Equipment

  1. Expansion of on-board Wi-Fi: In addition to living quarters, efficiency of vessel operations has been improved by installing Wi-Fi on the cargo deck and in the engine room and LNG fuel-related equipment compartment.
  2. Introduction of wireless communication equipment supporting explosion-proof areas: Explosion-proof LCX wireless communications equipment has been introduced in explosion-proof areas to ensure communications.
  3. Introduction of 4G/LTE: The communication environment with relevant personnel and operational efficiency has been improved by utilizing high-speed broadband communication on a land cellular phone network while docked(*2).
Filed Under: "K" Line

THE AMERICAN CLUB ANNOUNCES NEW APPOINTMENTS IN ITS MANAGERS’ PIRAEUS OFFICE

March 10, 2021 by

Andrew Dyer recruited from leading law firm Hill Dickinson as Regional Claims Director for EMEA and Global Claims Manager for Club’s Eagle Ocean Marine business, the latter in succession to Despina Beveratou

Niki Tiga becomes Club Correspondents’ Manager, also in succession to Beveratou who returns from London to Greece, and pastures new

NEW YORK AND PIRAEUS, MARCH 9, 2021:  Shipowners Claims Bureau Inc. (SCB), Managers of the American Club, has announced important new appointments in its Piraeus office to consolidate and enhance service to Club Members and EOM Insureds both regionally and across the world.

Andrew Dyer

Andrew Dyer, currently a partner in the Greek office of Hill Dickinson, a leading international law firm, will join SCB’s Piraeus office in early April as corporate Vice President.  He will undertake the role of Regional Claims Director for the American Club’s business in Europe, the Middle East and Africa (EMEA) with coterminous responsibility as Global Claims Manager for the Club’s Eagle Ocean Marine (EOM) facility.

A well-known figure within the maritime community, Mr. Dyer brings with him a wealth of professional experience gained from his more than twenty-five years as a solicitor and fourteen years as a partner of his firm.  During his long career, Mr. Dyer has been involved in the broadest range of casualty and contract work, and every type of shipping dispute, both wet and dry.

Niki Tiga

In another new appointment in Piraeus, Niki Tiga takes on the role of Club Correspondents‘ Manager.  Ms. Tiga has been part of the Club’s management team for some ten years, having started in the London office and having more recently moved to Greece.  Her educational background, together with her experience of both P&I and FD&D claims handling, give her an excellent platform from which to fulfill her new duties.

In welcoming Mr. Dyer, SCB also says farewell to Despina Beveratou who has to date fulfilled Mr. Dyer’s forthcoming responsibilities in regard to EOM in SCB’s London office, as well as Ms. Tiga’s new duties as Correspondents’ Manager.  Ms. Beveratou will be returning from London to Greece at the end of March to pursue new interests, and leaves with the best wishes of her colleagues for every future success.

Mr. Dyer’s connection with the American Club and its Managers is of some longstanding not only personally but also by virtue of Hill Dickinson’s own long history of providing legal services to the maritime community both in Piraeus and in other major shipping centers.

Indeed, in noting Mr. Dyer’s change of career, Jasel Chauhan, head of Hill Dickinson’s Piraeus office, commented:  “During his 25 years with Hill Dickinson, Andrew made an immense contribution and helped to forge some of our strongest relationships in the Greek market.  Andrew will be missed but the role with the American Club is a fantastic opportunity and we wish him all the best.”

In addition, Tony Goldsmith, master mariner and head of Hill Dickinson’s marine business group, said:  “We have always had an excellent relationship with the American Club – both in Greece and internationally.  Having worked alongside Andrew as a colleague and a friend during the whole of his career at Hill Dickinson, his move can only serve to affirm and enhance that relationship.  We very much look forward to working closely with the American Club and Andrew in his new role.”

In summing up these recent developments, Joe Hughes, Chairman & CEO of SCB, said: “We are delighted to be welcoming Andrew to our global management team where I am certain his expertise will be of incomparable value to both the American Club and EOM over the years ahead.  The warm words of farewell from Tony and Jasel speak to the legacy he leaves at Hill Dickinson and reinforce our confidence in Andrew’s continuing success in serving the Club and EOM in the future.”

“We also extend our congratulations to Niki on her appointment as Club Correspondents’ Manager.  I am certain that she will discharge her new duties with her characteristic intelligence and vigor.

“Finally, we are very sorry to be saying farewell to Despina.  Wherever her future endeavors may lead her, she departs with the best wishes of her colleagues in appreciation of her exemplary service over many years to the Club and EOM, and of the great energy and good humor she imparted to that service.”

Filed Under: The American Club

“K” Line : Establishment of Carbon Neutral Promotion Group

March 9, 2021 by

We are pleased to announce to establish a new department focusing on businesses and projects for carbon neutrality including renewable energy effective on April 1st, 2021.

The requirement of de-carbonization is rapidly growing in the world and it accelerates the expectation for business field of carbon neutrality, such as Renewable Energy projects including offshore wind, Carbon dioxide Capture, Utilization and Storage projects, Energy Transition projects (LNG value chain related) and Carbon Emission Trading.

For the purpose of proactively responding such needs, “K” Line will establish “Carbon Neutral Promotion Group” and facilitate business development for net-zero CO2 emission along with related parties and companies of “K” Line group.

“K” Line Organizations on Environmental Initiatives

“K” Line group will continue to contribute to people’s living and prosperity throughout the world as an integrated logistics company grown from shipping business, and aim at realizing a sustainable society.

Filed Under: "K" Line

Diversity: GEODIS reports on its Mentor Programs in Asia-Pacific and Americas

March 3, 2021 by

Having set the goal of 25% female fulfilment of its leadership roles by 2023, leading global logistics provider GEODIS has established an employee Mentor Program as part of its drive towards diversity. To mark International Women’s Day on 8th March, GEODIS reports on the progress of the Programs.

Only 13% of senior leaders in the logistics industry as a whole are women. This is despite females scoring higher in leadership competencies than men, according to a Novosensus survey[1] in 2020.

“The logistics industry urgently needs a greater degree of gender diversity and inclusion to recognize, reward and profit from the talents of its female workforce and to improve its record of attracting women of superior ability.  The industry’s image is one of traditional male leadership, lack of upward mobility for women and unattractive to aspiring young females,” says Mario Ceccon, GEODIS’ Group HR director.

GEODIS is committed to contributing positively to gender equality and increase the number of women in leadership positions.  Its own progress in this regard has seen levels of 13% in 2017 grow to 18% currently and the drive to 25% by 2023 will continue.

GEODIS Australia and New Zealand’s mentor program in action

Through its GEODIS Women’s Network (GWN), mentor Programs have been evolving in regions across the globe over the past four years. The GWN has three pillars that support its activities: career development and mentorship; inclusive leadership and connecting people.  The Mentor Program builds on the first of these pillars.

Each mentee has a mentor from within the company assigned to them for the duration of the Program.  They engage over a series of informal and more formalized sessions during which inter-action is consistent in being constructive, confidential, respectful, open-minded and frank.

In the Americas region a pilot was established in 2018 to trial a Mentor Program in partnership with the professional development experts at Dale Carnegie.  The Program has evolved in content and has grown in numbers of participants across the US, expanding into the Latin American organization for this year’s schedule starting in April.  In 2021, there will be a total of 218 teammates involved, both mentors and mentees.

Gerri Commodore, Senior Vice President New Business and GEODIS Women’s Network America’s Chairperson comments on the development of the Program, “Based on feedback from those involved in our 2019 Program, we made significant changes last year.  Our mentors and mentees wanted more structure and tools to help them.  So, we partnered with Impacting Leaders, a leadership consulting company and introduced the Style of Influence (SOI) assessment.  This measure focuses on the natural way people would influence others.” The response from mentors and mentees based on these changes, was overwhelming praise for the program and an increase in applications to participate this year.

“This year we are employing a new format to complement the original. This entails 29 of the mentees working in small groups. Each will focus on practical applications of our ‘5 Core Competencies of a Leader’ in order to further develop their natural leadership style” adds Gerri.

In the Asia-Pacific (APAC), GEODIS Australia-New Zealand (ANZ) team launched their Program in September last year, with a schedule of activity set through to July.  With the benefit of lessons learned as the Program develops, it is planned to roll it out across the GEODIS APAC region over the balance of the year.

Stuart Asplet, Managing Director, Pacific Region, the main sponsor of the Mentor Program comments, “We are seeking to understand the goals of our mentees and support their potential development within the company.  Although the first twenty-five are all women and drawn from the ANZ region, the Program, is open to male employees. A key goal of the program is to engender a feeling of empowerment, of being noticed, valued and develop confidence.”

A ‘6 Steps to Success’ framework has been designed for the ANZ Program running over the ten-month period. After initial training sessions last year, Mentee Networking Events and mentoring sessions are regularly underway. Feedback indicates that 98% of the mentees have found the structure engaging.

“Gender diversity is not only a social necessity but also a corporate responsibility and a sound business policy.  Empathetic leadership that balances the sensibilities of all genders brings greater understanding of all human inter-action and hence value creation for employees, customers, suppliers and business partners” concludes Mario Ceccon.

GEODIS – www.geodis.com 

GEODIS is a top-rated, global supply chain operator recognized for its commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport) coupled with the company’s truly global reach thanks to a direct presence in 67 countries, and a global network spanning 120 countries, translates in top business rankings, #1 in France, #6 in Europe and #7 worldwide. In 2020, GEODIS accounted for over 41,000 employees globally and generated €8.3 billion in sales.

[1] https://www.novosensus.org

Filed Under: GEODIS

“K”LINE Press Release – Notice of occurrence of Non-Operating Income by dividends income

February 26, 2021 by

Kawasaki Kisen Kaisha, Ltd. (hereafter, “the Company”) will account following dividends income on Non-Operating Income of non-consolidated financial results for the fiscal year ending March 31, 2021.

1) Outline of dividends

The Company will receive dividends of about 155 million U.S. Dollars from OCEAN NETWORK EXPRESS PTE. LTD., the affiliate company accounted with the equity method in the fourth quarter of the current fiscal year.

2) Impact on The Companyʼs business performance

The Company will account aforementioned dividends income on Non-Operating Income of non-consolidated financial results for the fiscal year ending March 31, 2021.

There will not be impact on consolidated financial results at the period, as it is dividends from the affiliate company accounted with the equity method.

https://www.kline.co.jp/en/

Filed Under: "K" Line

“K”LINE Press Release – Changes of responsibilities of Executive Officers

February 25, 2021 by

Please be advised that “K” Line Tokyo Head Office made the following press release announcement today.

To read this press release in its entirety, please see the attached PDF document or visit “K” Line website where it is available in English and Japanese.

https://www.kline.co.jp/en/

Filed Under: "K" Line

GEODIS appoints new Regional Sales & Marketing Director

February 25, 2021 by

The logistics service provider GEODIS has strengthened its global sales & marketing team in the NECE (North, East & Central Europe) region with the appointment of Robert Mianowski. In his role, Robert will be responsible for the regional development and implementation of GEODIS’ sales and marketing strategy across the region.

Robert Mianowski has 25 years of industry experience acquired while working in various sales and marketing roles and later as managing director of leading transport and logistics companies in Europe.

After studying journalism, political science and business administration, he started his professional career in 1994 at TNT Express. There he held a number of management positions in Central and Eastern Europe, most recently Managing Director at TNT Express Eastern Europe. Before joining GEODIS, Mianowski was Vice President Operations DACH (Germany, Austria and Switzerland) at FedEx Express.

In his role at GEODIS and based in Frankfurt, he will report to Thomas Kraus, GEODIS President & CEO North, East and Central Europe, who welcomes his appointment: “I am delighted that in Robert Mianowski we have been able to gain another very experienced industry expert to augment our team. The NECE region requires country-specific and holistic customer solutions due to the varying demands of individual companies and markets within it. With Robert’s considerable experience his support will enhance our abilities to design these solutions”.

GEODIS – www.geodis.com 

GEODIS is a top-rated, global supply chain operator recognized for its commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport) coupled with the company’s truly global reach thanks to a direct presence in 67 countries, and a global network spanning 120 countries, translates in top business rankings, #1 in France, #6 in Europe and #7 worldwide. In 2019, GEODIS accounted for over 41,000 employees globally and generated €8.2 billion in sales.

Filed Under: GEODIS

Annual cargo theft report indicates significant new trends

February 24, 2021 by

The report, which reflects whole year data from 2020 compiled by leading international transport and logistics insurer, TT Club, and global provider of supply chain intelligence, BSI, highlights significant new trends in risks both regionally and globally.

  • Thefts of cargo in transit remains highest proportion of total, all though the 71% share is a decrease from 2019 (87%)
  • Losses from warehouses and other storage facilities increases to 25%
  • An atypical year due to supply chain threats from the pandemic. These likely to be of continued concern well into 2021
  • New high-value targets created such as PPE, face masks and anti-bacterial gel. Vaccine supply chain to come under threat as roll out expands
  • Food & beverage sector remains largest target at 31%

24th February, 2021

The most significant trend highlighted by the report was the relative shift in the location of thefts, with in-transit incidents and those involving vehicles showing a decline, though remaining the most dominant threat, and theft from storage facilities increasing. The extent of the rise in the latter was variable from region to region however this trend was reflective of the disruption to supply chains brought about by radical changes to consumer buying patterns as a consequence of the pandemic.

TT Club’s Managing Director, Loss Prevention, Mike Yarwood explains more, “The effects throughout 2020 of the COVID crisis threatened supply chain security, continuity and resilience. Not only did newly created high-value commodities such as PPE become targets for theft but bottle-necks in the logistics infrastructure at ports and warehouses brought increased potential risks. Temporary overflow storage facilities added to the dangers in loosening the grip of existing security systems.”

Although specific incidents have not yet occurred, unless distribution plans for vaccines are perfectly executed within the expectations of any given population, challenges will arise in protecting the single most valuable cargo of all in the coming months.

The accompanying infographics give an overview of the global data findings, but regional variances are worthy of note. In Europe, the stockpiling of goods meant these inventories came under particular threat with 48% of 2020 reported thefts coming from warehouses and production facilities. This was in contrast with 2019 when only 18% came at such locations. On the other hand, 54% of incidents occurred in rest areas and parking sites in 2019 — the 2020 figure was 19%.

In Asia, the countries with the highest risk remain India, Indonesia, China and Bangladesh. The proportion of storage-based risk remains around 50% in Asia as a whole but in Southeast Asia the in-transit risk indicates the prevalence of bribery and corruption with a high percentage of thefts being facilitated by employees and customs or other officials. 

North America continues to see theft coming almost exclusively in-transit via hijackings or directly from a parked vehicle. The risk of social unrest, particularly in Mexico, arguably impacted the risk of cargo loss through most of last year. Significant disruption to the Mexican rail freight industry, with protesters setting up blockades on train tracks, created a backup of cargo across the country. This disruption led to estimated losses of close to US$4.4billion

In South America, Brazil was a hotspot last year. A key driver of the high rates of cargo theft here remains the presence of major illegal drug smuggling gangs that need to fund their trafficking efforts. Again, the dominant risks were from hijacking and theft from or of vehicles.  These theft types accounted for 78% of the total losses reported. The extreme rate of cargo theft, however, did drop for the first time in several years, as continued efforts by police and industry contributed to a slight decline in incidents in 2020.

In the coming year disruption and the uneven resumption of international trade resulting from the spread of COVID will continue with imbalances in shipping container distribution that are likely to impact maritime, and through a knock-on effect air cargo capacity throughout 2021. The added vulnerability of cargo will therefore continue.

The key to mitigating threats in 2021 is to stay ahead of the risk. BSI and TT Club have once more collaborated to analyse the detail of these risks. In the report, the authors furthermore offer mitigation techniques so organisations can proactively understand their risk and build a supply chain that is ahead of the criminal tactics and emerging threats.

The full report can be downloaded free of charge HERE

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 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

Filed Under: TT Club
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