Tag: TT Club

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.

TT Club and BSI inform that third quarter cargo theft data in the US shows storage facilities targeted in 45% of reported cases, up from 20% of recorded cases in the same quarter in 2020.

TT Club informed that it has recently been made aware that shipper interests have been seeking to transport Divinylbenzene (DVB) from China to Europe and the US, while misdeclaring the commodity as Class 9, UN 3082 ENVIRONMENTALLY HAZARDOUS SUBSTANCE, LIQUID, N.O.S. (Divinylbenzene). 

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.

Market forces have resulted in container shipping costs reaching unprecedented highs in recent months; the outlook suggests that this trend is set to continue into 2022, notes Mr. Mike Yarwood, Managing Director Loss Prevention at TT Club.

Abandoned cargo is a continuous challenge for supply chain stakeholders, resulting in considerable costs within shipping.

TT Club highlights the importance of robust cyber security risk management and urges boards and management to carry out thorough assessments, including analysing the integrity of safety critical data.

Amid container supply imbalance leading to shortages, container operators should avoid cutting corners when it comes to structural integrity, cleanliness and cargo-worthiness of those that are loaded, international freight transport insurer TT Club warned. 

TT Club warns supply chain operators regarding the impact of disruption due to the recent blockage in the Suez Canal and emphasizes resilience.

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.