The Major Ports of the UK embrace Brexit

Brexit, British Exit from the European Union, is being embraced by the major ports of the United Kingdom. The Prime Minister of England believes that there would be greater opportunities for the United Kingdom “as an independent nation”. The ports that represent 75% of the US’s global trade supports the Prime Minister’s policy on the Brexit. This also includes leaving the customs union. The Prime Minister emphasizes how England will benefit by leaving the European Union because this would allow Britain to engage in new trade deals with other countries. Southampton which is the England’s number one export port “will play a key role in securing the future prosperity of” the UK. The port currently handles £40B exports per year with 90% of the cargo from other countries around the world which are outside of the European Union. The total cargo loads handled in this port amount to £75 billion.

The Department for Transport (DTF) of the UK is encouraging partners within the maritime sector to come up with new ideas to better secure, develop and grow the marine industry. Roger Hargreaves the Director of Maritime at DTF stated that in 2050 the marine industry would be most focused on the future of the ports and shipping. They are currently conducting a study that will soon be released that will convey the significance that the ports have. This will be one of the first times the government recognizes the importance the port has for the country and for the people.

With all your cargo shipping, please remember to contact us for your cargo insurance needs. We’d be glad to assist you.

By Iris Arden (Ramon Inc.)

Sources: https://www.worldcargonews.com/news/major-uk-ports-group-welcomes-upbeat-brexit-message-50374

DHL Cargo Shipping – New Strategy

DHL has announced same-day delivery and next-day delivery for online retailers. This service was created to compete with Amazon, FedEx, UPS, and the U.S. Postal Service. The Parcel Metro service, according to DHL, is a network of delivery vendors and sourced drivers and vehicles. This will help ensure capacity and flexibility in last-mile deliveries. This new strategy for delivery is being testing already in Atlanta, Dallas, San Francisco, and Washington D.C.

The software used by DHL allows them to find the best drivers for each route. The client can choose from several delivery times and preferred address for delivery. The customers can also track the goods in real-time, send instructors to the carrier, reschedule a delivery, and rate the experience. Retailers can customize the software mobile interface to show their business information to clients.

For DHL, according to the U.S. Census Bureau, e-commerce sales grew 16% in 2017 while total retail sales grew 4.4%. The results are already showing with DHL’s new business strategy. Remember that cargo insurance is important for all types of cargo, especially retail. Ramon USA provides the best rates and coverage for retail types. Please feel free to contact us for more details.

By Iris Arden (Ramon Inc.)

Source: http://www.ttnews.com/articles/dhl-launches-same-day-delivery-e-commerce-merchants

Full Replacement Value and Cargo Liability Insurance

Understanding the difference between Freight Insurance and Freight Liability is a crucial part of the freight and/or logistics industry, especially in an unfortunate event that you need to process a claim. The questions you should be asking yourself is what is the covered by the liability, what is covered by the freight insurance (Full Replacement Value Called All risk that we offer), and what is the difference.

The key point here is to analyze what is the extent of the carrier’s liability for freight loss under the applicable law and/or coverage, and what is the extent of the carrier’s freight insurance protection for that liability.

For example, there are three types of coverage offered by Ramon Inc. One of the coverage is called ALL RISK. This policy covers ANY damages while in transit. This includes damages from physical external cause along with partial or total, theft and catastrophe. This means that if the goods are not covered by All Risk then the insured/shipper is relying solely on the carrier’s contingent liability policy for insurance coverage should there be damage or loss during transit. Since it is a liability policy, the carrier is protected by statue and subsequently limited on their liability to pay claims. This affects the level of individual contract of carriage which was entered by the shipper and carrier. If the shipper imposes any commercial pressure on the carrier, or if the carrier is guilty of gross negligence, or the transit is subject to the Carmack Convention for interstate shipments in the US, then the limited liability of the carrier may be challenged.

Please keep in mind that in case of a claim and relying upon the carrier’s cargo liability insurance, you will be faced with an expensive and timely process that will ultimately involve lawyers and added expenses that accrues. Usually in a claim case, a carrier’s limit of liability is only $1,500. Most of the time customers are lead to believe that the trucking insurance general liability of $100,000 covers their cargo for full replacement value. This is not the case. The $100,000 covers them for all the loads that they haul. Within the fine prints of the contract of carriage, they have a limit of liability of $1,500 per claim. Just like ocean vessels have $500.00 limit of liability per container even if the goods in the container are valued at $500,000. The same with all airlines, they have limit of liability per luggage and/or cargo they carry on-board.  Therefore, Ramon Inc. with more than 31 years of experience in the market strongly advises everyone within the industry to check all the details/information prior to booking cargo insurance with any company or relying on the trucking company’s cargo insurance policy. This policy is simply a mandatory requirement by the DOT for any trucking to operate, and it is very limited.

Please contact us today or get a quote here http://www.freightinsurancedirect.com

Written by Iris Arden (Ramon Inc.)

Freight Biosecurity Alert in New Zealand

In the Port of Auckland, New Zealand a biosecurity alert has been actioned after four ro-ro car carrier vessels were unable to land their cargo. All vessels on services from Japan were carrying new and used vehicles. These vessels didn’t realize that they weren’t just carrying the cargo but along with it the Brown Marmorated Stink Bug (BMSB). This is an insect in the family of the Pentatomidae that is native to China, Japan, the Koreas, and Taiwan.

The BMSB is one of the top five unwanted bugs in New Zealand. This insect is a serious agricultural pest that can readily cause damage to crops. They feed on a wide array of plants such as apples, apricots, Asian pears, cherries, tomatoes, soybeans, grapes, corn, and much more. For them to eat these fruits, they pierce the plant tissue and extract the plant fluids. With this type of eating, the plant loses all necessary fluids; this results in the deformation, destruction of the seeds and fruiting structures. It delays the plants maturation and increases vulnerability of the plant to harmful pathogens. Other common signs of the insect are pitting and scarring of the fruit, leaf destruction, and mealy texture of the harvested fruits and vegetables.

The Ministry for Primary Industries (MPI) of New Zealand announced that because of the heightened risk of the BMSB entering the country, machinery and vehicles that comply with the fumigation certifications will be discharged since the ports of New Zealand do not have any facilities for this type of fumigation. Because of this over 6,000 automobiles have been unable to enter Auckland, New Zealand.

There are several threats of risk that your goods can face during transit. Making sure that your cargo is insured is extremely important. In this scenario, the insect is threatening the agriculture of New Zealand, and is causing delivery delays. With the cargo ships in limbo, this increases the chances of risk of the cargo ship and its freight.

Contact us today for a free freight insurance quote.

By Iris Arden (Ramon Inc.)

Source: https://www.worldcargonews.com/news/biosecurity-alert-hits-auckland-auto-imports-49225

Seaspan Corp and the Freight Industry

Seaspan Corp. is the worldwide leader in independent container shipping management and ownership. They are dedicated to providing an unmatched level of quality and service to all of their customers. And as part of their dedication, they have now informed that they are acquiring the controlling shares of Greater China Intermodal Investments LLC which is a China-based joint venture with firm Carlyle Group.

This will give the company an even bigger share on the charter market. Julie Steinberg from WSJ writes that this $450 million-dollar deal will bring Seaspan 18 container ships. This would jumpstart into a bigger acquisition strategy. Currently, Seaspan is the world’s largest containership lessor by cargo-carrying capacity. According to Alphaliner, the combination of companies would compose 8% of the market and along with the charter demand, leasing prices will go up.  Adding the revenues of the companies along with the $250 million investment that was infused from Canada’s Fairfax Financial Holdings Ltd., this will give Seaspan the financial advantage and positioning within the freight industry.

The Combined Fleet of SSW and GCI

Seaspan GCI Combined
Vessels (including newbuilds) 94 18 112
Fleet TEU (including newbuilds) 701,900 204,000 905,900
TEU-Weighted Avg. Remaining Charter Period  5.2 years 5.4 years 5.2 years
TEU-Weighted Avg. Vessel Age 6.1 years 2.6 years 5.4 years
Avg. Vessel Size 7,500 TEU 11,333 TEU 8,100 TEU
Future Contracted Revenue (US$) $4.3B $1.3B $5.6B

 

When shipping your cargo always make sure to have the best insurance coverage and policy for your shipment. At Ramon Insurance we provide clients the best rates, services, and coverages every time guaranteed.

By Iris Arden (Ramon Inc.)

Sources: https://www.wsj.com/articles/todays-top-supply-chain-and-logistics-news-from-wsj-1521109811

http://www.seaspancorp.com/press-release-post/press-release-122843/

Hapag-Lloyd Freight Vessel

After the merger with UASC (United Arab Shipping Company), Hapag-Lloyd has boasted one of its youngest fleets in the cargo industry. The vessels will be dismantled accordingly to the environmental regulations and certified shipyards. The seven-year-old container ships that had a capacity of 4,101 TEU will be recycled in Turkey and in China. The shipyards within Turkey and China are certified to recycle ships in an environmentally friendly manner.

The COO of Hapag-Lloyd said that the recycling of these ships is part of the restructuring project of their fleet. In 2017, the company already had three older vessels from the former UASC fleet that was dismantled in an environmentally friendly manner.

Also, Hapag-Lloyd is now offering a service to the East Coast of Africa for the very first time. They are already demands to Mombasa and Daar-es-Salaam over Jeddah for onward transshipment and local distribution.

They are expecting in April to deploy four vessels each with a capacity of 1,200 TEU in the new East Africa Service. This will be a sole operation.

Senior Managing Director Region Middle East, Lars Christiansen, informed that this would a trade which their customers have wanted the company to serve for awhile now. And EAS will benefit from Hapag-Lloyd’s strong presence in the Middle East and connection to the global network.

No matter where you are located, Ramon Inc. is an International Insurance Brokerage that can provided you coverage anywhere in the world. Freight Insurance, Cargo Insurance, Shipping Insurance is how our clients find us. For more information www.freightinsurancedirect.com

Written by Iris Arden (Ramon Inc.)

Source: https://www.worldcargonews.com/news/hapag-lloyd-to-recycle-more-vessels-49099

Canada’s Freight Industry

Canada’s importance in the world is a lot greater than many may perceive. With the world’s third largest proven petroleum reserves and the fourth largest exporter of petroleum, Canada is the 12th largest export economy in the world. And Canada’s ports are extremely important to it’s economical growth.

Port Metro Vancouver is one of Canada’s largest port that handles more than 50% of all container cargo. In 2017, Port Metro Vancouver handled 2.7 million units of containers. Ports Prince Rupert and Halifax handled approximately 2.3 million. To maintain the flow of traffic, Vancouver is improving the infrastructure with a $700 million investment. The port’s main terminal TSI Terminal Systems’ Delta port handles 70% of container volumes.  The ports officials are in the early stages of planning Roberts Bank 2. This would be a new terminal that would handled 2.4 million TEUs of annual freight.

Canada’s fastest growing port has been Prince Rupert. The port is located 350 miles north of Vancouver and was opened in 2007 as a ship-to-rail transfer port. This port became a success with containerized shipments rising by double-digit percentages during the past six years. The benefits of Prince Rupert’s import cargo are the U.S. Harbor Maintenance Tax on value shipments whose destination would be to the United States. Shippers cite CN Rail stack train service to Chicago and other points within the U.S. The containers are deliver in 100 hours to Chicago. This port participates with the U.S. and Canadian customs agencies in the Beyond the Border project. This allows the all imports that are U.S. bound to be screened and examined by the Canadian Border Services Agency on behalf of the U.S. Customs and Border Protection making the shipment even quicker.

Port of Halifax is Canada’s easternmost major container port that grew by 17.4%. More growth is anticipated by June due to the G6 Alliance service from Asia via Suez Canal. All of the Asian shipments that arrive in Halifax through the Suez Canal compose 48% of the port’s cargo. Two-thirds of the containers at Halifax move by the CN Rail to and from points in Canada and Midwest United States. The two terminals in the port which are called Halterm and Fairview have an on-dock rail ramps. With an $35 million pier extension and three cranes capable of reaching across ships that are wider than the current Panama Canal locks, the amount of freight passing through these terminals is expected to increase.

According to International Monetary Fund, the Canada’s economy is expected to grow by 2.3% this year (2018) and by 2% next year (2019).

Ramon Insurance has been the leading insurance provider in Canada offering direct insurance in leading cities such as Montreal Toronto and Vancouver. Check us out at www.freightinsurancedirect.com

Written by Iris Arden (Ramon Inc.)

Sources: https://ustr.gov/countries-regions/americas/canada

https://atlas.media.mit.edu/en/profile/country/can/

https://www.joc.com/port-news/international-ports/port-metro-vancouver/canada%E2%80%99s-big-4-container-ports-put-focus-infrastructure_20130902.html

http://business.financialpost.com/news/economy/imf-hikes-forecast-for-canadian-economic-growth