Ascent Global Logistics Blog

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Your Complete Guide To Cargo Insurance

Posted by Ascent Global Logistics on Jan 31, 2019 4:53:41 PM

Cargo insurance is one of the most proactive steps companies can take to protect their supply chain. Insurance safeguards shippers' financial investments during domestic and international transit, when product is the most vulnerable. While in transit, cargo is susceptible to natural disasters, severe weather, theft, pilferage, damage, fire and other challenges.

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Topics: Domestic, Cargo Insurance

How To Avoid Cargo Catastrophe

Posted by Ascent Global Logistics on Jan 30, 2019 12:54:11 PM

Earlier this month, a fire broke out on the Hapag-Lloyd vessel Yantian Express as it departed from the Canadian port of Halifax. Attempts to extinguish the fire were immediate, but weather hampered the efforts. Now, Hapag-Lloyd has formally declared General Average on its fire-stricken vessel and has diverted the vessel to the Bahamas for salvage purposes.  

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Topics: International Freight Forwarding, Cargo Insurance