Insurers scrutinise causes of container casualties

The number of recent high profile incidents featuring container casualties has led insurers to pinpoint the root causes of the problem in a webinar organised by container freight specialist TT Club and protection and indemnity insurer, UK P&I Club.

Overall, the industry loses a relatively small amount of roughly one unit per 160,000 carried but each loss has significance to a range of stakeholders, noted Stuart Edmonston, loss prevention director at the UK P&I Club.

These include the ship operators, cargo interests, insurers and, not least the natural environment both at sea and on shore.