How Best To Deal With Container Theft?

Increasingly, in the work of organised crime, container theft has become a fast-growing problem that is costing the global scrap industry millions of dollars each year. Cargo theft rates in Europe have increased by 24% since 2011 and have also grown in Asia, according to logistics security services company FreightWatch International. In 2012, the BIR world recycling organisation and the International Maritime Bureau joined forces in a bid to combat theft and tackle its consequences for recyclers and traders; to date, this has led to, at most, 15 reported incidents. Clearly, this is a concerning statistic given that experts consider the sharing of information to be a crucial weapon in this fight.