The Growing Threat of Cargo Crime

The ever increasing threat of cargo crime has led to more people taking extra measures to protect their goods when shipping around the world. We hear all the time of containers going missing or containers turning up without the correct number of goods inside.

One organisation out to stop these thieves is the Transported Asset Protection Association (TAPA) and data provided by TAPA shows that for 2017 they had a total of 2,880 incidents reported in the Europe, Middle East and Africa (EMEA) region. Even though only 58.6% of these theft reports provided a value, the total loss for these crimes exceeded EUR €105. The average loss of major crimes was around EUR €395,586.

With the rising level of crime within the industry it makes sense to protect yourself with Marine Cargo Insurance, no one can predict when bad luck may strike, don’t take the risk!