Maersk will offer extended cargo protection for shippers

Maersk will offer an alternative to cargo insurance to cover goods while they're in Maersk's care, World Maritime News reported. Called "Value Protect," the extended liability solution will cover loss or damage to cargo from fire, accidents due to the danger of the sea, theft, natural disaster, cyber incidents, damage caused by delay and contributions in General Average, all of which are excluded under conventional terms for carriage. Customers can select coverage in addition to or as a substitute for standard cargo insurance. Insurance is available for commodities shipped via dry containers and selected commodities moved in reefer containers.