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

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.)

 

Sources: https://www.export.gov/article?id=Mexico-Transportation-Infrastructure-Equipment-and-Services

https://www.worldcargonews.com/news/box-record-for-mexico-49757

https://www.thebalance.com/mexico-s-economy-facts-opportunites-challenges-3306351