Cargo insurer TT Club report:

'Worn-out containers increase risks for shippers and vessels'

Cargo insurer TT Club highlighted a little-considered risk of the ongoing crunch in containerized freight capacity. With the intense strains on the supply chain, the availability of new and used containers has been stretched thin. This has created new pressure to turn around containers rapidly after each load, as well as a potentially hazardous incentive for shippers to accept and use any container.

There has now been a tendency for old boxes to remain in service with carriers and equipment owners beyond the point they would ordinarily have been retired and scrapped. The insurer says that anecdotally, it appears that old, retired boxes are getting picked up by shippers and put back into oceangoing service - a potentially higher-risk practice.

Source: maritime-executive.com


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