The North P&I Club launched three different checklists concerning the “care” of nickel ore, grain and coal, providing details to interested parties on how to deal with this kind of cargo.
The Port Executive Director Gene Seroka recently announced that the Port of Los Angeles moved near-record cargo in 2019 with a total of 9,337,632 Twenty-Foot Equivalent Units (TEUs), just short of the second-best year in its 113-year history, despite lingering tensions from the U.S.-China trade war.
The freight volume of south China’s Pearl River set a new record in 2019 by exceeded 1 billion tonnes, second only to that of Yangtze River in China. According to the Pearl River Administration of Navigational Affairs under the Ministry of Transport, the river’s freight volume, which ranks second in the world, increased by 5.5% year on year in 2019.
In fact, the Port of Savannah’s Garden City Terminal has handled nearly 2 million twenty-foot equivalent container units during the first five months of Fiscal Year 2020. It is said that from July to November, the Georgia Ports Authority has handled nearly 2 million TEUs, an increase of 109,000 TEUs, or 5.8%.
The Transported Asset Protection Association’s (TAPA) Incident Information Service (IIS) issued a report informing of the cargo theft issue which saw an increase in the first nine months of 2019 in supply chains in the Europe, Middle East and Africa (EMEA) region.
According to Xinhua news agency, China’s cargo throughput at ports rapidly increased by 8% year on year to 11.5 billion tonnes in the first ten months of 2019. Specifically, container throughput at ports achieved a 4.5% rise to about 217 million TEUs in the first ten months.
Container fires may now be occurring on a weekly basis and in Gard’s experience most are associated with cargo misdeclaration. However just as with tackling the fire itself, tackling misdeclaration is a significant industry challenge. Thus, Mark Russell, Vice President, Head of Cargo Claims in London and Charmaine Chu, Claims Executive in Hong Kong discuss the severity of cargo misdeclaration and the impact it has in the shipping market.
Cargo theft is a global challenge with a major negative impact on supply chains and the world’s economy. To put this into context, cargo crime has costed an estimated US$22.6 billion in 2015, while the top five natural disasters costed a collective $33 billion, research has indicated.
The International Union of Marine Insurance (IUMI) issued a revised position paper concerning cargo theft prevention and calls the industry to proceed to actions to mitigate the risks of this matter; IUMI highlights that ‘efforts by law enforcement agencies to increase transnational cooperation to combat cargo theft must be enhanced.’
As CNBC informs cargo is piling up in the Port of Los Angeles, as retailers have been front-loading products in light of the approaching tariffs. Following President Trump’s announcement on new tariffs of 10% on the remaining 300 billion Dollars of goods and products coming from China, the port saw an unprecedented increase of incoming cargo.
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