Increase in cargo crime

An alarming increase in cargo theft and freight fraud in global supply chains is being reported by the International Union of Marine Insurance (IUMI) and the Transported Asset Protection Association (TAPA) EMEA. Incidents are rising in Europe, America, and Africa, with Latin America and several African countries particularly affected by severe and violent attacks. According to TAPA, nearly 160,000 crimes related to the freight sector were recorded in 129 countries between 2022 and 2024. The estimated total losses amount to several billion euros.

Growing complexity of cargo crime

While threats such as hijackings and theft continue to exist, IUMI and TAPA EMEA warn that cargo crime is becoming increasingly sophisticated and supported by digital technologies. Thorsten Neumann (pictured), President and CEO of TAPA EMEA, emphasizes: “Although conventional thefts from trucks and warehouses remain widespread, cargo crime is evolving. We see criminals using digital tools to conceal their true identities, the establishment of shell companies, and legitimate companies being cloned with stolen credentials.”

In light of these growing risks, IUMI and TAPA EMEA are calling for action from stakeholders in the supply chain as well as from government authorities. The organizations have jointly published recommendations aimed at shippers, logistics providers, and insurers. These recommendations aim to strengthen resilience against threats. Proposed measures include continuous vetting of suppliers and drivers, verification of contacts, documents, and insurance certificates, as well as adherence to security and operational standards.

www.iumi.com