TT Club's experience is that theft remains firmly in the top five claims causes, accounting for about 13% by number and value over the last five years. Much recent attention has been focused on the emerging risk of cybercrime, as internet capabilities are increasingly used to identify, track and intercept cargo. However, case studies abound for the more traditional vulnerabilities, even if potentially aided by electronic means.
Leading Insurance provider to the international freight transport industry, TT Club has published a mid-year trading update for the eight-month period 1 January - 31 August 2015.
Unmanned aerial vehicles (UAVs), or drones as they are more commonly known, have been in existence for decades in various guises. In recent years, however, the technology has developed more rapidly and is being trialled within new areas of practice.
3D printing - also known as additive manufacturing (AM) - is a process of manufacturing virtually any three dimensional object from either an existing model or an electronic data source. Such equipment was first developed in the 1980's so in itself is not new. However, in recent years rapid development has moved it form the laboratory to the marketplace.
TT Club's Phillip Emmanuel, Regional Director for Asia Pacific, joined Ruben T Del Rosario & Arturo T Del Rosario Jr. at a special ribbon cutting ceremony to mark the official opening of the DELROSARIOLAW CENTRE, in Bonifacio Global City, Manila on 10 August. Phillip commented, "This was a great honour, demonstrating the close and enduring relationship between the Club and its local partner."
On 4 August 2015, TT Club facilitated a half day Risk Workshop which was hosted by Maputo Port Development Company at their training room at Maputo Port in Mozambique.
The shipping industry has been horrified to hear of the tragic incident that occurred in Tianjin. The cause of the original fire and subsequent explosions remain uncertain, but seem to reflect a usual chain of events that start with economic opportunity, misunderstandings and compromised standards, undermining measures for control or prevention.
The recent tragic events in Tianjin have amply shown the importance of correct and effective segregation of dangerous goods. But those involved in the movement of dangerous goods have far more to consider, and the industry as a whole should make a sanguine risk assessment of all aspects of the supply chain to engender safety.
As the political and humanitarian situation in Calais continues to unfold, the specialist freight transport insurer, TT Club provides a perspective on the implications for the freight and haulage industry.
TT Club has for many years made available various model conditions to support Members' activities. The range of available conditions has recently been supplemented with revised Standard Trading Conditions for Freight Forwarders for operators in Australia to take into account various legislative developments.
