Tag: cargo theft

The humble container seal, though not infallible against determined thieves, remains a vital tool in ensuring cargo security and identifying theft. TT Club underscores the need for a robust security culture within the supply chain, highlighting the critical role of container seals in safeguarding global cargo transportation.

Allianz Commercial explains that in addition to the problems and disruptions caused by attacks against shipping in the Red Sea and the Middle East, together with drought in the Panama Canal, cargo theft is also on the rise, driven by current economic conditions.

In the recently published Annual Cargo Theft Report 2023 TT Club and BSI SCREEN Intelligence pinpoint high inflation as a primary macroeconomic driver of cargo crime patterns. The rise in food and beverages as a stolen commodity is one such indicator.

Disruptions through the global supply chain continue to create opportunities for criminals to infiltrate and access cargo, said TT Club in the second edition of its Supply Chain Security Bulletin.

According to global cargo theft reports issued jointly by TT Club and BSI, thefts from facilities and warehouses accounts for approximately 25% of recorded theft incidents. While this varies by country and region, it is influenced by implemented levels of both procedural and physical security measures.

Crime report from TT Club and BSI finds over three-quarters of cargo theft takes place at logistics hubs and warehouses, with Free Trade Zone (FTZ) particularly vulnerable locations.

The Malaysian Maritime Enforcement Agency is on the hunt for 12 Indonesian suspects, all former crew of Ocean Pride.

Crime report from TT Club and BSI finds over three-quarters of cargo theft takes place at logistics hubs and warehouses, with Free Trade Zone (FTZ) particularly vulnerable locations.

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. 

TT Club along with BSI, the business improvement company, issued a report highlighting South Africa's ongoing vulnerability to cargo theft as well as the trends during the first half of 2020.