OVL Container designed the scheme to address challenges such as volatile freight rates, rising expenses, and supply chain disruptions. However, traditional freight insurance typically does not cover repair costs.
Therefore, CRC aims to fill this gap by offering protection against unexpected container repairs.
OVL Container’s CFO manages the CRC scheme and emphasises financial discipline and efficient resource allocation as key components.
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The approach aligns with findings from UNCTAD’s Review of Maritime Transport 2024, which highlights the role of freight insurance in mitigating risks related to rising rates and disruptions.
OVL Container CEO, Osmo Lahtinen, said: “We want to redefine standards and change expectations for our industry by ensuring cost neutralisation and profit optimisation in an ever-disrupted supply chain. This is what CRC does.”
OVL Container’s new CFO, Antti Miettinen, stated: “Traditional freight insurance does not address these risks directly. With the CRC-scheme, we ensure that our clients benefit from predictable costs and a smoother handover process. This provides the confidence and continuity that one-way container leasing is designed to deliver.”
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