Earlier this month, an ultra-large containership belonging to shipping giant Maersk suffered what is being described as a ‘serious fire’ in one of its cargo holds while en-route from Singapore towards Suez, Egypt. Of the 27 seafarers aboard the Maersk Honam, three have died and one is missing as of this publication date. This recent fire… Read More

The international shipping organization BIMCO, based in Copenhagen, sees 2018 as the year container shipping growth and demand growth strike a balance, according to an article in American Shipper. “BIMCO forecasts demand to grow by 4.0-4.5 percent against a fleet growth of 3.9 percent in 2018,” stated Peter Sand, chief shipping analyst for BIMCO. Sand… Read More

Global insurer Munich Re, parent company of Roanoke Underwriting, earlier this month released a review of 2017’s natural catastrophes. Hurricanes Harvey, Irma and Maria, along with Mexico’s severe earthquake and other disasters, are estimated to cost the insurance industry a record $135 billion. Add to this uninsured losses, and the cost for overall losses is… Read More

Four industry organizations representing different sectors of the supply chain industry in a recent session at the Intermodal Europe Conference in Amsterdam put the spotlight on the need for container owners and operators to provide appropriate equipment for properly packing and shipping cargo, as set by the Cargo Transport Units (CTU) Code. The Global Shippers… Read More

Roanoke Insurance Group is pleased to announce that Karen Groff, Executive Vice President of Operations, will assume the role of President as of October 1. Current President, Bill Sterrett will remain as Chairman. Karen will be responsible for the ongoing leadership, management and directional planning of the organization; Bill will assume various strategic assignments and… Read More

Freight costs have spiked in the wake of Hurricane Harvey, which decimated Houston and the surrounding region. As businesses reopen and look to stock their shelves, many shippers are experiencing significantly higher rates. For example, according to online load board DAT Solutions LLC, the cost to hire a tractor-trailer to move freight from Dallas to… Read More

2016 Holiday Hours

In observance of the upcoming Christmas holiday, our offices will close at 1:00PM on Friday, December 23rd and remain closed through Monday, December 26th. We will resume normal office hours on Tuesday, December 27th. In observance of New Year’s, we will also close at 3:00PM on Friday, December 30th, remain closed on Monday, January 2nd… Read More

Just as we did with the airline industry, we are now seeing new alliances and mergers being formed within the global shipping industry. For shipping carriers there are benefits to partnering up, including the ability to share vessels, networks and ports of call, streamlining their operations and saving millions of dollars. But what does it… Read More

Roanoke Underwriting is hosting a complimentary webinar on Tuesday, July 12th at 12pm CT. Vice President Sergio Laos will discuss five fundamentals of selling cargo insurance. Join us as we explore: Basic coverage terms and conditions Common misconceptions – Legal Liability vs. “All Risks” Acts of God exposures and coverage Who needs cargo insurance Where… Read More