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NEWS DIGEST: April 2023

by Samantha Greene / Apr 28, 2023 / 5m

Global inflation trends influence cargo theft patterns

The latest Annual Cargo Theft Report for 2022, published by TT Club, TAPA EMEA, and BSI SCREEN Intelligence, shows an overall decline in cargo theft incidents over the previous year.

The report also suggests that in 2022, criminals concentrated more on stealing food, beverages, fuel, and auto parts, which correlates with the inflationary effect on the value of these items. Specifically, TAPA EMEA, operating in Europe, the Middle East, and Africa, identified a significant year-on-year increase in the number of fuel thefts in the region, mostly in Germany and the UK. The higher-value fuel crimes also point to the involvement of bigger organized crime groups.

World’s latest largest container ship, “MSC Irina”, makes maiden voyage

The newly-built “MSC Irina” is about 399.99 meters long, 61.3 meters in beam, and has a container capacity of a whopping 24,346 TEU. It made its maiden voyage and docked at Nansha Container Terminal in Guangzhou on April 10. By far, it is the largest container vessel to ever dock in the area of Guangzhou.

MSC Irina is also the first vessel with an innovative air lubrication system that should reduce the vessel’s energy consumption and associated carbon dioxide emissions by 3-4% per year.

CMA CGM enters talks to buy Bolloré Logistics

CMA CGM has confirmed they are in talks to buy Bolloré Logistics, one of the world’s top-10 transport logistics providers. Bollore operates in 148 countries, employs 15,000 people, and is estimated to be worth about $5.5 billion.

This step is very much in line with the current trend of top container shipping companies aiming to offer end-to-end solutions to their customers, covering every aspect of supply chain needs.