Loss Prevention Advice
- Details
- News /
A significant surge in maritime military activity, geopolitical maneuvering, and strategic positioning across global hotspots.
The latest analysis for March, underscores the dynamic and complex nature of the maritime security environment, with intensifying naval exercises in East Asia, heightened drug interdiction efforts in the Caribbean and Atlantic, and a range of other developments shaping the global maritime landscape.
East Asia: Escalating Tensions and Military Posturing
South China Sea and Beyond
Military and maritime activity continues to intensify across East Asia. Between April 1–4, gunnery exercises are scheduled in the western Philippines, a region of overlapping territorial claims by China, the Philippines, Malaysia, Vietnam, Indonesia, and Brunei.
This follows joint U.S.-Japan-Philippines naval drills and a recent patrol by Chinese forces, coinciding with a U.S. Defense Secretary visit to Manila aimed at reinforcing regional partnerships.
- Details
- News /
The maritime industry has seen a significant shift toward dual-fuel vessels; however, the transition has brought new bunker management challenges, particularly for Very Low Sulfur Fuel Oil (VLSFO).
Dual-fuel vessels typically operate with a choice between VLSFO and Liquefied Natural Gas (LNG), with charterers often opting for LNG due to economic incentives. This creates a scenario where VLSFO bunkers remain stored for extended periods, increasing the risk of deterioration.
- Details
- News /
A guidance and preventative measures regarding bulk storage claims.
Bulk cargo shortage claims are a common yet complex issue, they usually occur when there is a significant discrepancy between the quantity of cargo noted on the Bill of Lading (B/L) and the quantity received at the port of destination.
Such discrepancies can be attributed to various factors, including inaccurate measurement of cargo, improper stowage, mishandling during transport, spillage or even theft.