TT Club urges shippers to take more responsibility for supply chain safety

TT Club has urged cargo owners to be more aware of safety issues arising from poorly packed containers and misdeclared goods, which accounts for two thirds of incidents related to cargo damage.

The international freight transport and logistics insurer noted that such supply chain malpractice results in multi-million dollar losses, including tragic containership fires with loss of seafarers lives and significant delays.

Extrapolating  known figures, all such incidents are estimated to result in economic losses exceeding US$6bn per year.