In today’s fast-moving world economy, marine cargo and air transportation are playing a fundamental role in providing reliable shipping and enough capacity to satisfy the never-ending demand for goods and services around the world.
According to data from the United Nations Conference on Trade and Development (UNCTAD), over 80% of world merchandise trade by volume and more than 70% of its value transit is by sea and from ports around the world.
However, the speed of marine cargo development brings with it several risks that put even the most experienced players in the marine sector to the test. Ships and ports that have increased their size to unimaginable proportions amassing higher cargo values that require high underwriting capacities. On top of common marine cargo risks, terrorism, cyber-attacks and environmental pollution, are risks that also must be tackled by the marine transport industry.