Category: Insurance & Law

Suez Canal blockage: supply chain risks assessed

International freight transport and logistics insurer, TT Club alerts supply chain operators to the consequential impact of disruption stemming from recent blockage in the Suez Canal and urges a greater emphasis on resilience. Global supply chains already strained by the disruption caused by the pandemic have been further challenged recently by the blockage of the Suez Canal, an artery that carries 30% of the world’s container cargo each year. Happily,

Simplify your Licence Management Process

Licence Management Process: Managing export licenses can prove to be a complex task for traders. In order to harmonise the export process, it is important to standardise your workflows. This is where our export software solutions can step in and guide you through the export management process. Here are three solutions that could help you in ensuring full compliance, while also minimising your expenses: 1. COMPLIANCE REQUEST The first step

Quay Cranes minimum safety features updated

Three industry bodies have produced Revision 1 of their Recommended Minimum Safety Features for Quay Container Cranes. Experts from international freight transport insurers, TT Club, together with cargo handling industry experts ICHCA and PEMA recommend minimum standard safety features to promote safety. The ‘Recommended Minimum Safety Features for Quay Container Cranes’ document has been updated and Revision 1 now available. Published jointly by property, equipment and liability insurance provider TT

TT Club wins Marine Insurance Award in the Middle East

The international freight and logistics insurer, TT Club was this week honoured at the sixth annual The Maritime Standard Awards in Dubai with the title of Marine Insurer of the Year 2019. The award was presented to Julien Horn, Director of TTMS (Gulf), TT Club’s Network Partner based in Dubai, at a gala dinner held in the Atlantis Ballroom of The Palm. In accepting the award Horn said, “TT Club

New protection for seized shipping

Hiscox, the specialist global insurer, has developed a new security product to help protect shipping targeted by nation states. Malicious Vessel Seizure will respond to a single peril of a ship taken by a foreign government, providing Loss of Hire costs and the services of leading crisis management consultancy – Control Risks. Heightened tension in the Middle East and particularly in the politically sensitive area in and around the Strait

Global Cargo Theft Intelligence Report for 2018 Issued

TT Club and BSI have issued the second edition of their report on global cargo theft, the first to cover a full year. Highlighted findings include: theft from road vehicles once more accounts for the highest proportion at 84%; Slash and Grab the largest type of cargo theft at 26% globally but with significant regional variations; the combination of food, beverage, alcohol and tobacco making up the most common commodity

Tigers launches SmartHub:Connect

Tigers has launched SmartHub:Connect – the world’s first combined freight, e-commerce and logistics portal. The Cloud-based platform reportedly gives customers end-to-end visibility of the supply chain globally, from transport, to e-commerce fulfilment and because it is modular, it delivers cost-effective and customisable solutions. One application is its virtual warehouse solution, which will support customers post-Brexit by allowing them to split stock over two distribution centres and routing orders to the

Upgraded Port of London Ship’s Bridge Simulator to boost trade and growth

The Port of London Authority (PLA) has invested £250,000 upgrading its ship’s bridge simulator, adding a full tug bridge simulator in a move that is set to enable a boost in port trade and helps terminals verify their expansion plans. The Thames is the UK’s busiest waterway, handling over 45 million tonnes of cargo a year. For over a decade the bridge simulator has been an essential tool for training

Forward provides full e-AWB solution to over 90 airlines powered by WIN

As the preferred solution in the Caribbean and Latin American markets, Forward offers customers e-Air Waybill (e-AWB) connectivity to over 90 airlines through the Worldwide Information Network (WIN)’s online platform. Independent forwarders using Forward can now participate in e-AWB, save time, improve accuracy, avoid carrier manual processing fees, and enjoy real-time shipment visibility. “When business demands high-volume messaging to successfully manage supply chain transactions, easy and complete integration is critical,”

Milaha takes delivery of biggest lift boat in Qatar

Milaha has taken delivery of a new lift boat which will be deployed offshore, particularly in support of field maintenance efforts. Mr. Abdulrahman Essa Al-Mannai, President and CEO of Milaha, and Mr. Vivek Seth, CEO of Halul Offshore Services recently attended the launch and naming ceremony of the vessel at the Bohai Shipyard in China. Named the Milaha Explorer,’the newbuild will be the biggest lift boat to be owned by