loss prevention

Falvey Cargo Updates

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Maersk Honam & Its Aftermath

Posted: July 17, 2018 in:

On March 6, 2018, the container ship Maersk Honam caught fire in the Arabian Sea, enroute to Suez from Singapore. For months, cargo owners awaited news about the fate of their goods as the ship remained at sea amidst efforts to extinguish and contain the fire. Maersk Honam finally berthed at the port of Jebel Ali, UAE, on May 22. […]

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7 Risk Management Techniques To Limit Cargo Theft

Posted: June 26, 2018 in:

Shippers and carriers must stay ahead of theft trends to protect their cargo. While SensiGuard Supply Chain Intelligence Center’s Cargo Theft Annual Report shows that the number of recorded cargo thefts dropped by 15% from 2016 to 2017, the United States is still a “high” threat level for cargo theft. Securing the supply chain is no easy feat, but there... […]

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THE TRANSPORTATION RISKS IN LAST-MILE LOGISTICS

Posted: June 19, 2018 in:

The last mile is a critical part of any transportation strategy and the competition is fierce among companies providing this service. The only way to compete without opening your business up to liability is to fully understand the risks at play in last-mile logistics. […]

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Updates To Our Privacy Policy

Posted: May 29, 2018 in:

Falvey Insurance Group and its member companies, which includes Falvey Cargo Underwriting, continue to keep your information protected and safe. […]

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The Looming Threat of Cyberattacks On Cargo Shipping Technology

Posted: May 23, 2018 in:

In June 2017, hackers launched a major global cyberattack using NotPetya malware. Shipping giant Maersk was one of the many European businesses affected, resulting in worldwide outages of its computer systems and forcing some port terminals to shut down. Considering this was one of the biggest disruptions of global shipping in history, Maersk restored... […]

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Mysterious Loss Of Cargo: Defining and Dealing With Misappropriation

Posted: May 15, 2018 in:

When cargo goes missing, shock waves hit the entire supply chain. Whether it’s the instability of emerging markets, falling commodity costs, or a variety of other reasons that your goods are put at risk in the supply chain, cargo misappropriation is a persistent threat. […]

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Mega-Ships: The Answer Or The Problem?

Posted: May 9, 2018 in:

Globalization and friendly international trade agreements have propelled a huge increase in marine traffic. Not only are more ships on the water, but bigger ships are traversing trade routes. And ship sizes continue to grow, spawning the term “mega-ships.” […]

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5 Growing Risks In The Marine Industry

Posted: May 2, 2018 in:

Container trade accounts for approximately 60 percent of all world seaborne trade, which was valued at around 12 trillion U.S. dollars in 2017. It’s clear that the marine industry is evolving quickly and there are some noticeable risk trends materializing. The recently published Lloyd’s of London Emerging Risk Report 2018 highlights several of these... […]

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TRIPRA VS. Worldwide Terrorism (WWT) Coverage

Posted: April 24, 2018 in:

On April 15th, 2013, two bombs were set off during the Boston Marathon killing 3 people, and injuring over 250 others. Although the tragedy of lives lost can’t be understated, there were also lasting effects that impacted surrounding businesses – with over $2.5 million in property damages claimed. Although the Property & Casualty (P&C) damages were... […]

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Busiest Shipping Ports In The World

Posted: April 10, 2018 in:

Curious to know which ports are the busiest in the world? There are several ways to define “busiest.” For the purpose of this article, we’ll look to the amount of container traffic that passes through ports to determine how busy a port is. Although these numbers change annually, most of these locations remain on the list of busiest ports year after year. […]

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