Container losses at sea remain a persistent challenge, often exacerbated by severe weather conditions. TT Club, a leading international freight insurer, continues to collaborate with the container industry to mitigate these incidents.

Read also: Neglecting Container Seals Undermines Cargo Security, Warns TT Club

The World Shipping Council’s annual survey highlights a record low in container losses for 2023, with 33% of lost units later recovered. Despite this positive trend, TT Club’s analysis points to weather as the most significant factor behind these losses, emphasizing the complexity of the issue.

TT Club has been actively involved in the MARIN TopTier Joint Industry Project, which brings together over forty industry and governmental stakeholders to address the causes of container loss. The project has already provided crucial guidance on mitigating risks like parametric roll.

Peregrine Storrs-Fox of TT Club underscores the importance of responsibility across the entire freight supply chain, from accurate cargo weight verification to proper load distribution. Discrepancies in stow planning and environmental factors like wave period also play critical roles in container stability.

Innovative technological solutions are being explored, including enhanced monitoring systems and redesigned lashing mechanisms, to better predict and manage container movement.

As container losses cannot be entirely prevented, TT Club continues to advocate for safer practices and technological advancements to reduce risks and enhance the overall safety of global logistics.

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