2020 saw the largest spike in shipping containers lost at sea in seven years, with more than 3,000 boxes falling overboard — up from just under 500 in 2019 and about 1,420 in 2018. More than 1,000 have fallen overboard so far in 2021, with losses totaling an estimated $54.5 million, according to Bloomberg data.
The resulting disruption to the global supply chain can be felt worldwide. Reasons for this increase include changing and more unpredictable weather patterns and an increase in e-commerce due to the explosion in demand during the pandemic. Almost all the recent incidents have occurred in the Pacific Ocean, a region where the busiest traffic and the worst weather collide.
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Please contact us to assist with any cargo or business interruption claims that arise from shipping container loss. To report claims originating outside the U.S., contact email@example.com. To report claims originating in the U.S., contact: firstname.lastname@example.org.