Subscribe to our Mailing Lists (It's free!)
Monday, January 30, 2023
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    freight crime

    Report: Freight crime low on police priorities

    imca lessons learned

    Lessons learned: Always check fixings at height

    imca fire onboard

    Lessons learned: Ensure joint inspection of work by third-party contractors

    underwater noise from ships

    IMO: Draft guidelines for addressing underwater noise from ships

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    psychotherapy

    Working in business? How psychotherapy can be a life-changing experience

    sexual health

    Sexual health important to overall wellbeing: Key considerations

    Meditation

    What happens when you meditate daily: 10+1 benefits

    kidney stones

    Preventing kidney stones: How to stay hydrated onboard

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

    cma cgm french shipping decarbonization

    CMA CGM: €200 million call for decarbonization of French shipping

    pil lloyds register

    LR to help PIL reduce emissions through digitalization

    uk offshore methane emissions

    Study: UK offshore methane emissions largely underestimated

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

    pil lloyds register

    LR to help PIL reduce emissions through digitalization

    nyk ghelia autonomous ships

    NYK, Ghelia to collaborate on autonomous ships development

    allianz cyber risks

    Allianz: Cyber risks the most important risk globally

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    Keppel Offshore fines

    Keppel Offshore & Marine pays $65m in fines after corruption case

    fmc delay and disruption claims

    FMC: Increase in “Delay and Disruption” claims

    crew jail illegal sell of marine gas oil

    Singapore: 11 crew jailed due to Illegal sale of marine gas oil

    uk mca ships detentions

    UK MCA: Five new foreign flagged ships detained during December 2022

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

    underwater noise from ships

    IMO: Draft guidelines for addressing underwater noise from ships

    uk offshore methane emissions

    Study: UK offshore methane emissions largely underestimated

    vietnam cargo ship washed ashore

    Watch: Cargo ship washes ashore in Vietnam

  • Columns
    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Career Paths: David Tournay, Maritime Skills Alliance

    Career Paths: Sinikka Hartonen, One Sea Association

    Career Paths: David Tournay, Maritime Skills Alliance

    Career Paths: David Tournay, Maritime Skills Alliance

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    freight crime

    Report: Freight crime low on police priorities

    imca lessons learned

    Lessons learned: Always check fixings at height

    imca fire onboard

    Lessons learned: Ensure joint inspection of work by third-party contractors

    underwater noise from ships

    IMO: Draft guidelines for addressing underwater noise from ships

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    psychotherapy

    Working in business? How psychotherapy can be a life-changing experience

    sexual health

    Sexual health important to overall wellbeing: Key considerations

    Meditation

    What happens when you meditate daily: 10+1 benefits

    kidney stones

    Preventing kidney stones: How to stay hydrated onboard

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

    cma cgm french shipping decarbonization

    CMA CGM: €200 million call for decarbonization of French shipping

    pil lloyds register

    LR to help PIL reduce emissions through digitalization

    uk offshore methane emissions

    Study: UK offshore methane emissions largely underestimated

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

    pil lloyds register

    LR to help PIL reduce emissions through digitalization

    nyk ghelia autonomous ships

    NYK, Ghelia to collaborate on autonomous ships development

    allianz cyber risks

    Allianz: Cyber risks the most important risk globally

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    Keppel Offshore fines

    Keppel Offshore & Marine pays $65m in fines after corruption case

    fmc delay and disruption claims

    FMC: Increase in “Delay and Disruption” claims

    crew jail illegal sell of marine gas oil

    Singapore: 11 crew jailed due to Illegal sale of marine gas oil

    uk mca ships detentions

    UK MCA: Five new foreign flagged ships detained during December 2022

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

    underwater noise from ships

    IMO: Draft guidelines for addressing underwater noise from ships

    uk offshore methane emissions

    Study: UK offshore methane emissions largely underestimated

    vietnam cargo ship washed ashore

    Watch: Cargo ship washes ashore in Vietnam

  • Columns
    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Career Paths: David Tournay, Maritime Skills Alliance

    Career Paths: Sinikka Hartonen, One Sea Association

    Career Paths: David Tournay, Maritime Skills Alliance

    Career Paths: David Tournay, Maritime Skills Alliance

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

Annual cargo theft report: Shipping accounted for less than 1% of cargo theft in 2020

by The Editorial Team
February 25, 2021
in Shipping
singapore fallen containers

Above image is used for illustration purposes only / Credit: Port of Rotterdam

FacebookTwitterEmailLinkedin

Transport insurer TT Club and supply chain intelligence firm BSI issued their annual Cargo Theft report, highlighting significant new trends in risks both regionally and globally. Thefts of cargo in transit remained the highest proportion of total (71%). By modalities of theft, shipping accounted for less than 1% of global cargo thefts.

Key findings

  • 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%.
  • Shipping accounted for less than 1% of cargo theft in 2020.

RelatedNews

Maersk: Transition to unified, singular “Maersk” brand

Baltic Exchange: Maritime market highlights 21-27 January

GET THE SAFETY4SEA IN YOUR INBOX!

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 -despite 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, but 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.

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,

…explained TT Club’s Managing Director, Loss Prevention, Mike Yarwood.

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, TT Club warned.


-Europe

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, while the 2020 figure was 19%.

-Asia

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

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

-South America

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.

Areas of concern

-Logistics Challenges

  • Local supply chain corruption
  • Supporting infrastructure
  • Availability of reliable resources

-Cargo Theft Risk

  • Actual and perceived cargo value (for use and counterfeiting)
  • Market fluctuations in supply and demand
  • Security provisions/processes
  • Final mile security risks
  • Warehousing and storage security risks
  • Fraudulent actors

-Cargo Integrity

  • Contamination risk
  • Cool chain interruption
  • Damage to retail packages

-Communications

  • Incorporate service-level agreements
  • Ensure instructions are accurate
  • Keep publicity to a minimum

-Security Devices – Technology Solutions

  • Track/trace GPS devices
  • Tamper proof/evident seals
  • Locks
  • Forensic solutions

-Routes

  • Carefully plan routes
  • Local knowledge of crime trends
  • Vary regular routes/vehicles

-Delivery

  • Adhere to delivery schedules
  • Communication with contractual partners if deviating from the schedule
  • Deliver only to the address specified
  • Proof of delivery

 

Explore more by reading the full report:

Cargo theft report 2021
Tags: cargo theftInfographicmaritime transportreportssmtrendsTT Club

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Keppel Offshore fines

Keppel Offshore & Marine pays $65m in fines after corruption case

January 30, 2023
portsmouth port

Portsmouth Port: New project to decarbonize cost-effectively

January 30, 2023

SEAFiT Poll

What is the biggest obstacle for the social life onboard?

MARITIME EVENTS

Explore

  • Safety
  • Green
  • Smart
  • Risk
  • Others
  • Events
  • Plus

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

RISK4SEA Facts

Did you know that age matters for 2020? 45% more on the Detention Rate for Bulk Carriers 11-15 yo vs. 2019 in China.

Learn more risk4sea.com

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Alerts
    • Accidents
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.