News & Insights

The beauty of customizable cargo insurance is in its comprehensive applicability to very specialized shipping needs, but under that beautiful face lies a web of wrinkles that could represent hidden exposures to uninsured losses. Three issues that should be at the top of your list when placing a cargo insurance policy are the insolvency exclusion, warehouse-to-warehouse/duration and improper packing. Can all of the important details be top of mind for a single risk manager or insurance agent? Probably not. That’s why it’s crucial to include your entire management team in the insurance policy placement process. You need to understand and […]

June 12, 2015

Roanoke’s own Glenn Patton, Regional Vice President – Los Angeles, will be speaking at the BAFT 2015 West Coast Global Trade Finance Workshop in an important presentation titled “Cargo Insurance: Insurance Policies and Surety Bonds in International Trade”. Glenn’s session will cover an overview of cargo insurance, liability insurance for the carrier and customs, forwarder and carrier bonds. The workshop will be held from July 30-31, 2015 at the Wells Fargo in Los Angeles.

June 02, 2015

Profits in a number of big shipping lines rose dramatically in the first quarter of 2015. A drop in the price of oil and the rising value of the U.S. dollar helped bolster profits, even though unit costs increased for some shipping lines. The influence of market forces outside shippers’ control suggests that high profits could be short-lived should economic conditions change. Two large lines reported massive swings in profits, and several countries said they saw increases in traffic. Maersk Line reported a record $714 million profit for first quarter 2015, an increase of nearly 60% from first quarter 2014, […]

May 29, 2015

The newest FreightWatch International EMEA Intelligence report is out, and the news isn’t good for the Netherlands and Germany. In the first quarter of 2015, the Netherlands had 31% of the cargo thefts in Europe, the Mideast and Africa, followed closely by Germany at 26%. The U.K. had the next greatest cargo theft risk, with 11% of thefts occurring there in the first quarter, followed by Italy (8%), Spain (7%), France (4%), Austria (4%), South Africa (4%), Russia (3%) and Poland (2%). There were a total of 284 cargo theft incidents recorded in the EMEA region between January and March […]

May 27, 2015

In honor of Memorial day, our offices will close at 3:00PM on Friday, May 22nd. We will remain closed on Monday, May 25th and will resume normal business hours on Tuesday, May 26th. We would like to take this time to remember the brave men and women that gave their lives while defending and maintaining our freedoms.

May 21, 2015

Force majeure is a term rarely used, often overlooked and almost never clearly understood by shippers until it is declared. Unfortunately, at that point it is too late to take appropriate steps to avoid additional expenses or mitigate risks. Please join us as our speaker, Jason Odgers, Vice President – Client Development of Roanoke Trade, discusses these important topics. This essential webinar has been approved for 1 CCS/CES Credit. The webinar will take place on Thursday, June 11th from 1:00PM to 2:00PM ET. Cost is $50 for members, $75 for non-members. This webinar will focus on: Force majeure – what it […]

May 20, 2015