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.)


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

Written by Iris Arden (Ramon Inc.)


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

Written by Iris Arden (Ramon Inc.)


Mexico Ports & Freight

The Ministry of Transport and Communications (SCT) of Mexico provided the statistics of the Pacific coast ports. These ports generated a total of 4,324,051 TEU which is up by 9.8 from 2016. The leading port was Manzanillo which handled 2,830,370 TEU. This was a 9.8% increase. Lazaro Cárdenas generated 1,149,079 TEU which was an increase of 3% placing in it second. The third ranked port was Ensenada with 230, 185 TEU with a 20% growth. The ports located in Gulf of Mexico amounted to 2,051,87 TEU. This was a 17.6% increase.

Why has there been an increase of TEU in the ports of Mexico? Because Mexico’s foreign trade over the past 20 years continues to offer significant opportunities. Foreign trade is a large percentage of Mexico’s economy than any other large country in the world.

President Pena Nieto in 2013 invested USD $586 billion in the infrastructure of roads, airports, maritime ports and railways. The port system has 24 integrated port authorities covering more than 40 cargo and passenger ports on the country’s Pacific, Atlantic, and Gulf Coasts. In 2013, they invested $4 billion USD in the ports which included: new containers, passengers, and specialty terminal construction, ore, grain processing facilities, pier expansion, port modernization, new logistics clusters, and Trans-Isthmus Logistics Corridor.7857

With Mexico’s investment in the ports, the country’s GDP has increased trade with America. With the NAFTA agreement, Canada and Mexico are the two largest destinations for US exports. A major boost to the Mexican farm exports, auto manufacturing jobs, and productivity and consumer prices. The gross domestic product for Mexico in 2017 was $2.4 trillion. And the country is quickly becoming an emerging market.  Ramon Insurance insures over $10M in freight Mexico bound.

Written by Iris Arden (Ramon Inc.)



Freight Statistics and the Importance of Freight Insurance


According to the Bureau of Transportation Statistics which is update every 5 years, the movement of freight in the domestic and international trade during 2013 was 55 million tons of freight daily. And as the demand of freight transportation grows so does the concern for safety. Freight Insurance is an integral part of freight transportation.

Large trucks during 1990 to 2013 accounted for almost all freight transportation fatalities by 95.8%, and the majority of related highway fatalities involved passenger vehicles. Most hazardous material are transported by truck, and if there is an accident the damage is huge. About 2% of incidents in 2014 were accident related which composed 80.9% of all property damage.

This is just in trucking transportation so imagine the amount of damages and risks that take place during air transportation or ocean. Ramon USA (Ramon Inc.) offers the best coverages for your cargo during transit that will give you piece of mind. With the best rates and quality, we work with the best claim adjusters in the world with over 55 years of experience. Your claim is processed in just 7 days with 24-7 updates.

Written by Iris Arden (Ramon Inc.)