In light of the misdeclared cargo contents, Wan Hai Lines announced that forced new measures against shippers who intentionally misdeclare cargo. In fact, the Taiwanese carrier company informed that if the declarations and the shipping documents are not true, it will immediately suspend the delivery operation.
The transport and logistic insurer TT Club along with the global provider BSI issued the “Cargo Theft Report 2020” highlighting the impact of cargo theft on the global supply chain, while giving its recommendations of how theft risks can be reduced.
Against the backdrop of encouraging global economic growth and an improved outlook for the shipping industry, the International Union of Marine Insurance provided an overview on the current state of the hull, cargo and offshore energy insurance markets, on the sidelines of its Spring Conference in Hamburg.
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