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Short-term closure of plants or premises can pose risks for companies: AGCS
Many companies are having to shutdown their premises temporarily at short notice due to the COVID-19 pandemic. According to the risk consultants of Allianz Global Corporate & Specialty (AGCS), improper action or negligence when decommissioning buildings and production facilities brings…
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Maersk partners with Microsoft, EY on maritime insurance blockchain
The group has created a blockchain platform built on Microsoft Azure technology for shippers, brokers, customers and third parties in the maritime insurance industry that is slated for rollout in 2018. London, UK — Danish shipping conglomerate A.P. Møller-Maersk A/S,…
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TT Club urges care with coiled cargoes
LONDON, U.K.–Specialist freight transport insurer TT Club has issued specific guidelines on packing and securing coiled materials in containers, as part of its on-going campaign to improve standards of the safe packing of unit loads, including shipping containers. In general,…
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Port terminals “the weak link” in global supply chains: TT Club
Dubai, UAE and LONDON, U.K.–As pivotal hubs within global trade, container ports and terminals face risks that have potentially serious consequences for international supply chains. At a recent speech to the TOC Middle East Conference in Dubai, Julien Horn, of…
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TT Club outlines issues for shippers ahead of IMO regs on container weighing
LONDON, Ont.– International transport, freight and logistics insurance provider TT Club and the UK’s P&I Club, a shipping protection and indemnity mutual insurer, have welcomed the amendment to the Safety of Life at Sea Convention (SOLAS) from the International Maritime Organization…
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SPARX introduces LCL service from Asia to Toronto
TORONTO, Ont.–SPARX logistics has announced its new weekly Less-Than Container Load (LCL) service from all major ports in Asia to Toronto, Canada. In addition to basic consolidation, freight forwarding and deconsolidation services, SPARX is able to offer a full complement…
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CITT webinar to explore Letters of Credit
TORONTO, Ont.–CITT is offering Letters of credit as the subject of its next professional development webinar. Letters of Credit, a heavily requested topic according to CITT, will run 12:00-1:00 PM EDT on September 16th. Hosted by Sherri Lane, Director of Consulting and Insurance…
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Aviva offering cross-border insurance coverage
TORONTO, Ont.–Aviva Canada Inc. is offering a new cross-border insurance coverage designed to provide a simple solution for Canadian domiciled companies who also have U.S. plated vehicles. “With the U.S. accounting for over three-quarters of Canada’s trade, and the…
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National reporting program to crack down on cargo theft in Atlantic Canada
FREDERICTON, N.B.–The Insurance Bureau of Canada (IBC), the RCMP and the Atlantic Provinces Trucking Association (APTA) are joining forces to bring a national cargo theft reporting program to Atlantic Canada. The Cargo Theft Initiative, which IBC and the Canadian Trucking Alliance (CTA) launched in Ontario in 2014,…
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Crossing the border by truck “more expensive” since 9/11: StatsCan
OTTAWA, Ont.–Since September 11, 2001, it has become more expensive to move goods by truck across the Canada-US border, according to a study released by StatsCan on July 24. The study, “How Much Thicker Is the Canada–U.S. Border? The Cost…
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Best year for supply chain, logistics since Great Recession: State of Logistics Report
LOMBARD, Ill.–The Council of Supply Chain Management Professionals (CSCMP) released its 26th Annual “State of Logistics Report, presented by Penske Logistics, at a press conference today at the National Press Club in Washington, D.C.The event also included a panel discussion…
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Legislation to strengthen rail safety and accountability receives Royal Assent
OTTAWA, Ont.–To enhance railway safety and make the rail industry and crude oil shippers more accountable to Canadians, the Honourable Lisa Raitt, Minister of Transport, announced that the Safe and Accountable Rail Act has received Royal Assent. This Act amends the…