The Loadstar

Electronic negotiable cargo documents – the UN’s solution

LoadstarEditorial — Tue, 05 Nov 2024 13:30:35 +0000

In 2019, the UNCITRAL secretariat began to work on an international instrument on negotiable cargo documents, in order to open up opportunities for trade finance and facilitate international trade. TT Club explains the key issues of importance that are to be considered and still to be resolved.
It is envisaged that the instrument could apply to any mode of transport in a multimodal or unimodal context. Currently, negotiable bills are only ...

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As ‘gift’ season looms, airlines must know exactly what cargo they are carrying

Alex Lennane — Fri, 18 Oct 2024 11:44:37 +0000

It’s not just the loss of taxes or the import of illegal substances that is concerning US authorities in the airfreight peak season: it’s safety, too.
The Federal Aviation Administration (FAA) has warned airlines to review procedures before the avalanche of Christmas ecommerce packages containing electronics hits the skies.
In a Safety Alert for Operators (SAFO) this week, the FAA noted: “The holiday season is rapidly approaching, when the number of packages, ...

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Container explodes on Yang Ming box ship in Chinese port

Charlotte Goldstone — Fri, 09 Aug 2024 10:44:31 +0000

This post was edited at 10am BST on 12 August to include comment from Yang Ming
A container has exploded today onboard Yang Ming-owned YM Mobility, at a box terminal in the Beilun Port area of Ningbo-Zhoushan.
There are no reports of casualties or injuries to date.
News outlets on Chinese social media platform Weibo said the container held refrigerated organic peroxides, a reactive chemical which is highly combustible and liable to exothermic decomposition, which ...

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The threat of fuel theft and how to combat it

David Badger — Tue, 06 Aug 2024 13:06:03 +0000

Freight crime continues to present a major challenge to the supply chain industry. Perhaps the largest subset of theft incidents involve fuel. Here TT Club’s Mike Yarwood analyses the claims data of the freight industry’s insurance provider to help throw light on the details of the trend.
The analysis puts cargo theft among the top three of incidents resulting in claims. However, the data fails to capture the full scope of ...

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Truck driver safety ‘the prime objective’ as cargo crime hits new heights

Charlotte Goldstone — Thu, 11 Jul 2024 11:00:55 +0000

The Transported Asset Protection Association (TAPA) has outlined security measures to increase truck driver safety as they face “an escalation in criminal attacks in the Europe, Middle East & Africa (EMEA) region”.
Attacks by criminals commonly include intrusion, theft, deception, hijacking, illegal migrant entry, last-mile vehicle crime, cybercrime and information security leaks, said TAPA.
“As well as the highly publicised truck driver shortages, especially in Europe, we also see a growing realisation ...

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Strategies to prevent your containers ‘going missing’

David Badger — Tue, 02 Jul 2024 13:00:05 +0000

TT Club typically focuses on cargo theft when it considers supply chain security, but there are other ways criminals are misappropriating what are an essential assets in global trade. The effect of the loss of containers themselves is particularly badly felt at this time of congestion, long transit times and, therefore, increased container shortages.
Cases involving misappropriation of shipping containers typically involve large numbers of units over extended periods, which differentiates ...

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Risk from longer freight trains highlighted as NTSB sums up Ohio derailment

Alex Lennane — Tue, 25 Jun 2024 12:20:41 +0000

As US National Transportation Safety Board (NTSB) members gather in East Palestine, Ohio, today to discuss their findings in the Norfolk Southern (NS) derailment case, exceptionally long trains – a cornerstone of precision scheduled railroading (PSR) – have come under attack in a recent scientific paper.
The February 2023 derailment in East Palestine caused 38 cars to spill consignments of vinyl chloride, ethylene glycol monobutyl ether, ethyl-hexyl acrylate and other toxic ...

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Cargo Integrity Group reveals the most dangerous cargo found in containers

Gavin van Marle — Mon, 10 Jun 2024 12:28:14 +0000

A list of 15 of the most dangerous cargo types commonly carried in containers has been released by the Cargo Integrity Group, a collection of industry associations focused on supply chain safety.
Describing the list as ‘Cargoes of Concern’, it said they were “usually transported safely when regulations and guidelines are followed”, but “can become hazardous if handled incorrectly”.
If containers carrying them are mis-declared, or have incomplete or incorrect information about ...

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Mitigating the loss of containers overboard

David Badger — Tue, 04 Jun 2024 12:46:24 +0000

While the volumes of containers lost at sea fluctuates year on year, typically influenced by the more severe of weather conditions, the challenge of reducing the numbers remains. TT Club’s Peregrine Storrs-Fox outlines the various attempts by agencies around the world in the cause of prevention, including his own organisation’s on-going efforts.
Understanding the circumstances that lead to collapse of stow-and-loss-overboard incidents is important to mitigate the risks. In this context, ...

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Why inventory management is crucial in mitigating risk

Alex Lennane — Tue, 07 May 2024 13:00:37 +0000

One often forgotten aspect of efficient supply chain management is effective stockholding and order flow, referenced here as inventory management. A failure to exercise control can have enormous risk consequences for security and contractual liabilities. TT Club’s Josh Finch delves into the details of controlling inventory properly and avoiding such damage.
The importance of systematic organisation is paramount. Theft risks concerning goods and cargo tend to escalate in environments characterised by ...

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