Industry Insights

An Inside Look at Declared Value Vs. Cargo Insurance

Shippers often mistake declared value coverage with Cargo insurance, but in fact they are quite different. It is important to understand these differences and how claims are paid under each type of policy. Following is a brief overview of how these policies work. The practice of declaring a value for carriage occurs when a shipper […]

Cargo Insurance, Industry Insights, Shipping

Cargo Insurance in Action: Beyond Cargo Theft and Damage

The global insolvency of Hanjin Shipping Co. Ltd. had a tremendous impact on cargo owners, including losses involving the need to move cargo from one carrier to another; making arrangements for additional transportation modes; and taking measures to minimize losses resulting in additional storage fees, charges and fines; among other claims. Hanjin, the largest shipping […]

Cargo Insurance, Industry Insights

Growing E-Commerce Demand Impacting Global Logistics Providers

The rise of e-commerce is helping to meet the demand of businesses and consumers for faster delivery times of goods and causing logistics service providers to look at their businesses differently including their use of different transportation modes. An article recently published by JLL on logistic trends points out that while mega ships (the largest […]

Industry Insights

What Do the New Carrier Alliances Mean for the Shipping Industry?

  Beginning April 1, 2017, liner-wide consolidation has entered its third generation with three new alliances: the Ocean Alliance, THE Alliance, and 2M Alliance. The first vessel-sharing consolidation of ocean carrier vessels took place back in the 1980s and 1990s and then again in 2011. The goal of these alliances is for carriers to pool […]

Industry Insights, Shipping, Transportation

Answers to Your Questions About the New OTI License Renewal Program

The May 31st renewal deadline for the new Federal Maritime Commission (FMC) Ocean Transportation Intermediary licensing program is fast approaching. As you probably know, on November 4, 2015, the FMC issued a Final Rule involving various aspects of its regulations affecting Ocean Transportation Intermediaries (OTIs). As a result, OTIs are now required to renew their […]

Industry Insights

The Changing Face of the Logistics Industry Brings Opportunity and Risks

    There are several disruptive areas set to impact the future of the logistics industry, according to a report released by consulting company PwC called Shifting Patterns: The Future of the Logistics Industry. Evolving customer expectations, technology breakthroughs, new entrants into the industry, and new ways to compete and collaborate are reshaping the industry. […]

Industry Insights, Shipping, Transportation

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