2021 Holiday Season Shipping Trends & Statistics
In 2020, we experienced the impact of the global pandemic on holiday shopping and shipping trends. We saw a record number of consumers turning to e-commerce due to safety concerns and stay-at-home orders as we braced for the onset of “shipageddon,” a potential shipping crisis involving port congestion, labor shortages, and a chaotic retail supply chain. […]
Support a Seafarer this Holiday Season
Even though the world seems to be returning to “normal” for the 2021 holiday season, this isn’t the case for our seafarers, who are working tirelessly to ensure coveted gifts are in stock and on shelf. Through Falvey Cargo’s partnership with The Mission to Seafarers, we’ve learned the many ways we can provide support to our seafarers to thank them for their... […]
Get To Know Jessica DiSaia-Pelletier
Next in our employee spotlight series, we’re featuring Jessica DiSaia-Pelletier. Jessica is our rockstar underwriting technical assistant here at Falvey Cargo Underwriting. Jessica’s role on the Falvey team involves working alongside our underwriters, assisting them with renewing and opening new business accounts. She also closely monitors accounts, as she... […]
The Mission to Bring Vaccines to Seafarers
For many of us in the U.S., receiving the COVID-19 vaccine is as simple as walking into a local pharmacy. However, getting vaccinated isn’t so easy for those who live and work on the sea. After all, how can seafarers access vaccines if they cannot leave their ship or port? That’s an issue the Mission to Seafarers (MTS) set out to solve. […]
2021 IUMI Virtual Conference Recap
The International Union of Marine Insurance (IUMI) 2021 virtual Seoul conference was held on September 2-15. It was hosted by the General Insurance Association of Korea for the first time since the establishment of IUMI. This is the second year in a row the event was held virtually. The first year was last year for the online Sweden conference. The... […]
5 Major Natural Disasters of 2020
Natural disasters resulted in $210 billion of losses in 2020, as 26.5% increase from 2019, as countries around the world struggled to deal with record-breaking hurricanes, floods, and wildfires, on top of a global pandemic. Of those losses, about $82 billion in damages was insured. For the U.S. alone, 2020 set a new annual record with 22 billion-dollar... […]
Is your supply chain ready for the 2021 hurricane season?
As countries worldwide continue to struggle with the economic downturn caused by the coronavirus pandemic, the transportation industry is on high alert for potential natural disasters that could add even more stress on supply chains. […]
Update: Continuing COVID Impacts on the Supply Chain
With infection rates on the decline and vaccinations being mass produced at superspeed worldwide, many in the cargo industry are hopeful that COVID-19’s hold on our economy is easing up. It’s certainly a brighter picture than a year ago when transportation and trade faced major slowdowns and an unknown future. […]
The Risks of Mega-Ships: 5 Examples
More mega-ships, or Ultra-large Container Vessels, are in operation than ever before. However, this increase in marine traffic comes with its fair share of challenges, as recently addressed in Mega-Ships: The Answer or the Problem? In recent months, partially due to recent trade imbalance between China and the U.S., as well as the ongoing COVID-19 pandemic... […]
Significant Losses To the Cargo Market: Hanjin
In August 2016, Hanjin Shipping filed for bankruptcy protection after months of trying to avoid this fate. This filing immediately triggered massive disruptions. Worried about receiving payments, ports refused to allow Hanjin’s vessels, sailors, and cargo (about 540,000 containers) to dock or unload, leaving them stuck at sea. Some ships were arrested while... […]
