News / Container safety in motion as industry moves to cut losses

In an unprecedented period of container stack collapses between November 2020 and February the following year, some 5,762 boxes were lost from five major incidents, mainly in the Pacific.

The tragic events that winter featured comparatively new vessels, including ONE Apus and Maersk Essen. And, using the average value per container of $40,000 per box, that could be more than $230m in cargo losses – without calculating the environmental damage caused by these stack collapses.

The average annual container losses from ships amounted to ...