Trade Risk Guaranty hosted a recent webinar featuring two marine cargo insurance experts as they discussed the unavoidable risks of shipping internationally. Every business that ships goods into and...
Shipping Disasters
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General Average and the Re-Floating of the Ever Forward
The Ever Forward ran aground in the Chesapeake Bay and sat stuck for over 30 days with the rescue operation resulting in the declaration of General Average. General Average was declared for the...
[Video] TRG Talks Trade Episode 1 – General Average on MSC Sabrina
Trade Risk Guaranty discusses a real life story of General Average in their first episode of TRG Talks Trade. Join Trade Risk Guaranty for our first episode of our new video series; TRG Talks Trade....
2021 General Average Events: Year-End Wrap Up
Get an overview of the 2021 General Average events to better understand the frequency of these occurances. A frequent question we receive when talking about General Average is "how common is it for...
The History of Piracy in International Trade
To better understand and mitigate the threat of the pirates, it helps to better understand the history of piracy in international trade. The history of piracy has struck fear into the hearts of...
Suez Canal Blockage Results in General Average
The Suez Canal was blocked for six days between March 23rd and 29th, 2021, after the accidental grounding of a cargo ship known as the Ever Given. General average has officially been declared as a...
A Timeline of Historic Maritime Disasters – and What to Learn for 2020
Modern technology and safety procedures have drastically reduced maritime accidents over the last 100 years, but shipping disasters can still occur. Here’s a look at some of the most notable...
Double Trouble: M/V Zhen Hua 10 and 23
This shipping disaster includes two separate incidents which occurred right offshore within the period of a month on two of the M/V Zhen Hua vessels. When transporting goods across the ocean, being...
MSC Napoli: Theft in the English Channel
Rare circumstances allowed local residents to participate in the cargo theft of the MSC Napoli along the beaches of the Lyme Bay in the UK. No matter where you are traveling in the ocean, unforeseen...
Protect Your Cargo: The M/V CMA CGM Dahlia
The M/V CMA CGM Dahlia shipping disaster is another example of how dangerous the ocean can be. As we’ve said before, there is no guaranty of safe passage when bringing goods across the ocean....
Containers in the Columbia River: The Story of the Big Bin Barge
In 2003 the Big Bin barge made headlines when it capsized and dropped 100 shipping containers into the Columbia. Although a relatively small amount of cargo passes through the Columbia River, it is...
Heavy Weather Dangers: The 1998 APL China Shipping Loss
In 1998 the APL China lost a record-breaking amount of cargo. This loss was caused by an Act of God, Typhoon Babs. The Pacific Ocean is full of unpredictable dangers. When a boat is bringing goods...