Cargo insurance

Insurance Against Cargo Theft

While you might not hear about cargo theft on the news very often, it's happening all the time. Cargo trucks or trains with branded goods like consumer electronics, are attacked as often as once per week around the world. Many of these events occur in Asia or the Middle East, and separately, in Italy as part of organized crime. In both cases, thieves often use heavy weapons and threats of violence to hijack freight. Cargo theft surged over 300% from 2008 to 2014, raising alarm bells around the global logistics industry.

Lost Freight at Sea

Recently, there was news that the Danish vessel of the Svendborg Maersk faced some tough storms while at sea near the Northern area of France. By the time that the Svendborg Maersk had arrived at its destination port in Spain, it was discovered that more than 500 containers were missing, Apparently, stacks of containers were knocked overboard into the ocean when the ship encountered the harsh storm on the voyage.

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