Does the cargo market have a handle on port accumulations?

Cargo Port

During the IUMI 2023 Conference, Russell Group hosted a roundtable with Emerging Risks

The marine cargo market has been urged to adopt a market-wide, industry-approved  dataset to help manage the spectre of port  accumulation exposure.

The clarion call was made by participants at the Emerging Risks/Russell Group Roundtable at the International Union of Marine Insurance annual  conference in Edinburgh.

Discussing the question “Does the cargo market have a handle on port accumulations?”, those at the Roundtable were unanimous in their assessment that port  accumulation exposure has grown considerably in recent year, with vessels, infrastructure and transit all part of a growing exposure at world ports which is insufficiently understood by the cargo market.

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Post Date: 11/10/2023

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