Insurance claims on the rise with box ships forced to brave Cape weather
There has been a prolific rise in weather-related cargo loss and insurance claims since carriers ...
UPS: GERMAN BOLT-ON DEALAAPL: PAY YOUR DUESWTC: LOST FOR WORDS DSV: STEADY DOES ITRXO: COYOTE EQUITY FUNDING 'UPSIZED'RXO: RIGHTS ISSUEGXO: DEFENSIVEMAERSK: MSC RIVALRY INTENSIFIESWTC: REMARKABLY STRONG BA: LABOUR DEALFDX: NEW PARTNERATSG: RIVAL IPODSV: 'AHEAD IN BIDDING FOR SCHENKER'DSV: UNLUCKY FRIDAYSMAERSK: WEAK AGAIN
UPS: GERMAN BOLT-ON DEALAAPL: PAY YOUR DUESWTC: LOST FOR WORDS DSV: STEADY DOES ITRXO: COYOTE EQUITY FUNDING 'UPSIZED'RXO: RIGHTS ISSUEGXO: DEFENSIVEMAERSK: MSC RIVALRY INTENSIFIESWTC: REMARKABLY STRONG BA: LABOUR DEALFDX: NEW PARTNERATSG: RIVAL IPODSV: 'AHEAD IN BIDDING FOR SCHENKER'DSV: UNLUCKY FRIDAYSMAERSK: WEAK AGAIN
TT Club membership across all sectors of the transport and logistics industry are likely, as a result of covid-19, to be faced with commercial pressure from both their customers and suppliers, and possibly other counterparties, to assist in mitigating the potential issues faced.
This may include in logistics transaction whether, for instance, a shipment of components can be shipped by air to reduce transit time, or can a time/temperature sensitive cargo be shipped through another destination port in order to reach its intended destination and avoid loss? However, the range of issues likely to arise in relation to physical facilities, such as warehouses or ports and terminals, will necessarily be vast and complex.
The TT Club has published resources and information here.
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