UK Insurers Join Cargo Safety Initiative
Safetytech Accelerator, a non-profit established by Lloydâs Register, has confirmed that UK maritime insurers, the UK P&I Club and TT Club, have signed up for its Cargo Fire & Loss Innovation Initiative (CFLII).The Initiative, launched in February 2023, is a multi-year collaborative technology acceleration program focused on reducing cargo fires and loss in maritime and its impact. It is already supported by anchor partners COSCO Shipping Lines, Evergreen Line, HMM, Lloydâs RegisterâŚ
TT Club Warns of Stowaway Risks
Clandestine migration has been a problem for the transport sector across Europe for some time now. While more stringent border crossing checks have been imposed due to the current COVID-19 crisis, the risk to operators is not diminished. Furthermore, as the restrictions on movement begin to ease migration activity could be set to escalate warns international freight insurer TT Club.The smuggling of people has become a major issue in certain parts of the world. Political imperatives in target countries have led to stricter immigration restrictions and increased government action.
IMB: Guard Against Threat of Cyber Attacks
The International Maritime Bureau (IMB) is calling for vigilance in the maritime sector as it emerges that shipping and the supply chain is the ânext playground for hackersâ. IMB said, âRecent events have shown that systems managing the movement of goods need to be strengthened against the threat of cyber-attacks. The threat of cyber-attacks on the sector have intensified in the past few months, with cyber security experts and the media alike warning of the dangers posed by criminals targeting carriers, ports, terminals and other transport operators. They argue that while IT systems have become more sophisticated and thus enabling companies to better protect themselves against fraud and theft, it has also left them more vulnerable to âcyber criminalsâ.
