War and other factors loom over shipping sector: report
May 27, 2022 Philip PoradoWhile 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…
How supply chain back-ups are contributing to cargo theft
March 9, 2022 by Jason ContantSupply 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…
Debris from cargo ship spill last fall spreading along B.C. coast: beach cleaners
March 7, 2022 The Canadian PressTOFINO, 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…
NFP’s Canadian offices partner with U.K. insurtech Loadsure
November 22, 2021 Canadian Underwriter StaffBroker 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…
105 containers that fell off cargo ship believed to have sunk: coast guard
November 11, 2021 The Canadian PressVICTORIA – 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…
Salvage crew’s access to smouldering ship hampered by storm on B.C.’s coast
October 25, 2021 The Canadian PressVICTORIA – 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…
Port of Montreal volumes fall for first time in seven years due to pandemic, strikes
May 3, 2021 The Canadian PressMONTREAL – 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…
What can happen if cargo and business interruption insurer file separate subrogated claims
November 24, 2020 by Greg MeckbachTwo 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…