FCL and LCL: What do they mean in maritime transport and how to choose the one that suits you best?
Thursday, 26 May 2022
by Magalizz Ruzza
To speak of maritime transport is to speak of containers and the transfer merchandise from one place to another. For this reason, there are two well-known terms that refer to the shipping methods of goods inside containers: FCL and LCL. Next, we explain what these acronyms mean within the maritime area and we guide you
- Published in Blog
No Comments
Ever Alot: The largest container ship in the world with a capacity of 24,004 TEUs
Tuesday, 24 May 2022
by Magalizz Ruzza
Last January, the China State Shipbuilding Corporation officially launched the world’s largest container ship. In this way, the Ever Alot, with a capacity of 24,004 TEUs, became the new icon of maritime transport. Built for the Evergreen shipping company, the Ever Alot has a length of 399.99 meters, a width of 61.5 meters and a
- Published in Blog
Cargo insurance basics: What is it? Do you need it?
Tuesday, 19 June 2018
by Luis Gondelles
Every day, cargo valued in billions of dollars moves in and out of ports around the world. Anything could cause the damage or the loss of theses goods in unexpected ways, so it is understandable that you protect your cargo; therefore it will need cargo insurance. Cargo insurance is a coverage that carriers give to their goods to
- Published in Blog
Allianz starts ambitious climate change protection plan
Friday, 08 June 2018
by Luis Gondelles
The Allianz Group is significantly expanding its climate strategy by announcing an ambitious climate change protection plan. The plan will actively support the global initiative to change to a low-carbon economy over the coming decades. If Allianz’s climate change protection plan is followed through, the insurer will have phased out its property investments in coal-based business by 2040. Oliver Bäte,
- Published in Blog
Why is cargo insurance important: The Maersk Honam case
Friday, 04 May 2018
by Luis Gondelles
By law, all shipping carriers are forced to offer a minimum amount of cargo insurance. But as suggested, it offers limited coverage. As a shipper, you can purchase additional cargo insurance to further protect your merchandise. This would give your cargo coverage while it’s in storage and in transit until it reaches its final destination.
- Published in Blog
Robotics in the insurance industry: The Brightside case
Monday, 09 April 2018
by Luis Gondelles
Robotics in the insurance industry is starting to become a more usual sight. Brightside, partnered with Data Capture Solutions (DCS), introduced robotics to its back office activities. It seems like tasks such as documentation, printing and dispatch will automate if the insurance insutry follows Brightside’s path. David Holloway, firm’s transformation director, said Brightside is discovering that
- Published in Blog
Allianz Lanka is created after Allianz’ acquisition of Sri Lankan general insurance unit
Wednesday, 21 March 2018
by Luis Gondelles
Allianz announced the creation of Allianz Insurance Lanka (Allianz Lanka) after it reached an agreement with Janashakthi Insurance PLC to acquire 100 of its subsidiary (Janashakthi General Insurance Ltd.) for €85.9 million, or approximately US$106.3 million. The transaction is still subject to regulatory approval and is expected to be completed in the first quarter of
- Published in Blog
Allianz UK reported higher profits and improvement to core ratio
Monday, 19 March 2018
by Luis Gondelles
Allianz UK reported higher profits and an improvement to its core ratios for the year to December: The UK operations of the German insurer saw operating profit for the year rise to £121.3m from £96.2m in 2016. Chief Executive Jon Dye said higher profits would have been met if it wasn’t for the Ogden discount.
- Published in Blog
Reefer market is recovering from 2015 dip
Monday, 12 March 2018
by Luis Gondelles
Reefer market has seen a recovery in the last couple of years. In 2015, worldwide international refrigerated perishables trade volumes dipped by 2% of an estimated 144.4 million tons. The reefer market grew in 2016 by 3.5% and in 2017 it was expected to improve by 4% as trade in both conventional reefer ships and
- Published in Blog
The transformations happening because of AI in the insurance industry
Friday, 09 March 2018
by Luis Gondelles
Artificial Intelligence, known as AI, is essentially software that is able to think and learn like a human. Today, basic forms of the technology are able to perform specific tasks – like checking an insurance claim for fraud. Slowly but steady, the impact of the AI in the insurance industry is starting to become more obvious.
- Published in Blog