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cargo

The Red Sea conflict is delaying ships in the Port of Halifax.
News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / Coverages

Tremors from Red Sea conflict start to shake Canada, with dozens of ships delayed

January 15, 2024 The Canadian Press

MONTREAL – Canadian shippers are starting to feel the strain of attacks on cargo vessels in the Red Sea, as container rates rise and boats are late to arrive.  Port data shows that two-thirds of the 43 ships slated to

Cargo containers at a port in Vancouver
News Commercial LinesInsuranceMarkets / Coverages

Vancouver port traffic dips in 2022, hinting at economic slowdown to come

May 3, 2023 Christopher Reynolds - THE CANADIAN PRESS

MONTREAL – Cargo volumes at Canada’s largest port fell by three per cent last year as the global economy began to show signs of a slowdown. Though grain and fertilizer exports surged in the second half of 2022, the gains

Ships work to control a fire onboard the MV Zim Kingston
News ClaimsInsuranceMarkets / CoveragesRestoration

Cargo from 2021 spill still washes up on B.C. shores

December 8, 2022 Ashley Joannou - THE CANADIAN PRESS

When Jill Laviolette started picking debris off Cape Palmerston beach on Vancouver Island following the container spill from the MV Zim Kingston freighter, the inflatable dinosaur and unicorn toys she pulled from the sand looked nearly pristine. More than a

Container ship, heavily loaded, at sea.
News CatastrophesClaimsClaims CanadaClimate ChangeCommercial LinesEngineeringInsuranceMarkets / CoveragesReinsuranceRestorationRisk

War and other factors loom over shipping sector: report

May 27, 2022 Philip Porado

While fewer total losses of cargo ships worldwide is good news for marine insurers, the number of shipping casualties rose during 2021, said Allianz Global Corporate & Specialty’s (AGCS) annual Safety & Shipping Review. Globally, 54 total vessel losses were

Large distribution centre with many trucks
News Insurance

How supply chain back-ups are contributing to cargo theft

March 9, 2022 by Jason Contant

Supply chain disruptions and back-ups due to COVID-19 and other factors (such as a shortage of drivers or trucks to deliver product) are contributing to concerns around cargo theft, a transportation industry expert says. “When you have more [cargo] that’s

Ships work to control a fire onboard the MV Zim Kingston
News Insurance

Debris from cargo ship spill last fall spreading along B.C. coast: beach cleaners

March 7, 2022 The Canadian Press

TOFINO, B.C. – A volunteer organization that has been cleaning up debris from a cargo ship that lost 109 containers off the B.C. coast last fall says the incident should be a wake-up call to the need for more urgent

News Insurance

NFP’s Canadian offices partner with U.K. insurtech Loadsure

November 22, 2021 Canadian Underwriter Staff

Broker and consultant NFP’s Canadian-based offices formed an exclusive partnership with U.K.-based Loadsure to obtain instant- and on-demand cargo and shippers’ coverage to NFP’s Canadian logistics clients shipping cargo globally. The agreement includes inland transit. NFP has over 800 employees

News Insurance

105 containers that fell off cargo ship believed to have sunk: coast guard

November 11, 2021 The Canadian Press

VICTORIA – The Canadian Coast Guard says it believes that many, if not all, of the 109 containers that fell from a cargo ship off Victoria in late October have sunk. The containers were tossed from the MV Zim Kingston

Ships work to control a fire onboard the MV Zim Kingston
News Insurance

Salvage crew’s access to smouldering ship hampered by storm on B.C.’s coast

October 25, 2021 The Canadian Press

VICTORIA – The Canadian Coast Guard says a fire aboard a container ship off the coast of Victoria continues to smoulder. The coast guard says in a statement posted on social media that a salvage crew from Resolve Marine is

News Insurance

Port of Montreal volumes fall for first time in seven years due to pandemic, strikes

May 3, 2021 The Canadian Press

MONTREAL – The COVID-19 pandemic, a dockworkers strike and a rail blockage hit the Port of Montreal, which saw its cargo volumes fall in 2020 for the first time in seven years. The port says its volumes fell 14 per

News ClaimsClaims CanadaInsuranceLegal

What can happen if cargo and business interruption insurer file separate subrogated claims

November 24, 2020 by Greg Meckbach

Two subrogated commercial claims, for a total of about $1.5 million, may be headed to trial in Ontario. Among the issues are how Ontario’s Carriage of Goods Regulation applies to goods going in and out of province, and whether a

News Commercial LinesInsuranceRisk

COVID 19: Crews aboard cargo ships being denied shore leave for longer periods

April 9, 2020 Michael MacDonald - THE CANADIAN PRESS

HALIFAX – Though international shipping lanes and Canada’s major ports remain open for business, the COVID-19 pandemic is making life miserable for many seafarers. Under the latest rules, Canadian crews aboard most Canadian-flagged cargo vessels have agreed not to leave