Allianz has published its Shipping and Safety Review 2021, identifying loss trends and a number of risk challenges for the maritime sector. According to the report, 49 total losses took place in 2020, representing a 50% decline over a decade.
Foundered (sunk/submerged) was the main cause of total losses during 2020, accounting for one in two. Contributing factors include bad weather, poor visibility leading to contact, flooding and water ingress and machinery breakdown.
The number of fires/explosions resulting in total losses of vessels increased again year‑on‑year, hitting a four‑year high of 10. Collectively, Continue reading “Allianz Safety and Shipping Review 2021 published”
The international freight transport organisations of the Cargo Integrity Group are calling for urgent action from actors in global supply chains to reduce the risk of pest transference through international cargo movements. The five partners in the Cargo Integrity Group, known as CIG, recognise the vital importance of focusing on the threat of invasive pests to natural resources across the world, and of the urgency in crafting risk reduction measures that address the situation.
For centuries the great port cities analysed in the recent Xinhua-Baltic International Shipping Centre Development Index report were built on the confluence of trade, people and ideas. Centred around ships and the presence of their owners, managers and charterers, maritime clusters steadily grew across Europe, Asia and the Americas. A combination of talent, time-zone, geography, expertise and government policies has helped locations such as Singapore, London and Shanghai thrive. Successful clusters combine the experience and size of established companies with the energy and drive of smaller and start-up firms. Collectively they have consistently delivered innovation, jobs and tax receipts.
With effect from 12 July 2021, the Australian authorities have introduced new fumigation requirements for containers coming from a total of 40 high-risk countries, in a bid to tackle Khapra beetle infestation. The Khapra Beetle has been identified by Australia as a major biosecurity risk. It feeds on grains and other dry foodstuffs, causing damage to the production while also infesting goods with larval skins and hairs that are difficult to remove.
