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The frequency of International Group of P&I Clubs’ (IG) pooled claims scale of individual claims reached a new high last year and is continuing to climb

The shipping industry is seeing the biggest spike in lost containers in seven years. More than 3,000 boxes dropped into the sea last year, and more than 1,000 have fallen overboard so far in 2021. The accidents are disrupting supply chains for hundreds of U.S. retailers and manufacturers such as Amazon and Tesla. There are a host of reasons for the sudden rise in accidents. Weather is getting more unpredictable, while ships are growing bigger, allowing for containers to be stacked higher than ever before. But greatly exacerbating the situation is a surge in e-commerce after consumer demand ex...

by Tyler Durden Thursday, Apr 29, 2021 - 04:15 AM The global shipping industry is facing one of its most significant spikes in lost containers in seven years. At least 3,000 containers were lost at sea last year, and year-to-date, more than 1,000 have fallen overboard, according to Bloomberg.  Stretched global supply chains are forcing ship operators to stack truck-size intermodal containers to the brim in a technique called containerization. Some vessels, such as the notorious "Ever Given," can carry upwards of 20,000 containers, while other large containerships can carry around 9,000 co...

The Straits Times Unpredictable weather, exhausted crew and bigger ships also raise chances for mishaps Ships are growing bigger, allowing for containers to be stacked higher than ever before. In such cases, a ship can become more unstable in a storm - it can roll at steep angles, putting strain on the securing of containers. The situation becomes even worse if the stack is top-heavy.PHOTO: AGENCE FRANCE-PRESSE Published7 hours ago https://str.sg/JF68 They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full

Shipping Containers Plunge Overboard as Supply Race Raises Risks Bloomberg 1 hr ago (Bloomberg) -- Containers piled high on giant vessels carrying everything from car tires to smartphones are toppling over at an alarming rate, sending millions of dollars of cargo sinking to the bottom of the ocean as pressure to speed deliveries raises the risk of safety errors. The shipping industry is seeing the biggest spike in lost containers in seven years. More than 3,000 boxes dropped into the sea last year, and more than 1,000 have fallen overboard so far in 2021. The accidents are disrupting suppl...