In a ships lifetime, it can travel the distance to the moon, and back, about ten times. TEN ROUND TRIPS TO THE MOON? According to this infographic, that’s a fact! Along with the fact that the shipping industry has over 1.5 million workers. Despite how far we’ve come in technology and world trade, shipping is… Read more »
Category: Cargo Risks
Watch Out for Carrier Impersonators, Identity Parasites who Steal Cargo
When you hear or read the phrase “cargo theft”, you likely picture a twenties-styled heist, or maybe a sneaky rogue who lifts a few packages in the night. While these things happen, they’re less common than obvious full-truckload theft, which is where you should focus your attention. Few people realize how unfortunate and ubiquitous full-truckload… Read more »
Cargo Ship Breaks in Half. Crew is Safe, Cargo is Not
Remember that time we said it can happen, and it will? Global Logistics Media reported a disaster last week, and we’re not using the term disaster lightly; this ship broke in half. Luckily, the crew survived, but we can’t say the same for the cargo. Some cargo suffered damage, but the crew lost some overboard… Read more »
Increased Risk of Damaged Goods
With the rise of supply and demand and the amount of different countries involved international supply trading, the transportation of materials is now at an all-time high. Due to this, one has to think carefully about the specifics involved in the shipping and transportation of goods because of an increased risk. Below are some… Read more »
How to Reduce the Risk of Cargo Damage
We’ve been over the six million reasons that you need cargo insurance, but wouldn’t it awesome if it NEVER got to that point? Think about the utopia of impervious cargo for a second, you would have a peaceful mind, knowing that you’d never have to deal with the process of making a claim again…. Read more »
Understanding Risks & The Importance of Cargo Insurance
Do Not Overlook Cargo Insurance Cargo Insurance is crucial due to the current act that limits uninsured ship-owners to $500 per unit. It does not matter if you have $200,000 worth of equipment inside of that unit; you will only receive $500 for that “container”. The limits set in place by the Hague/COGSA act protect… Read more »