Coughlin Insurance Services

While the saga of the 1,300-feet long Ever Given container ship that was blocking the Suez Canal for over a week is now over, more than 360 ships were delayed and the potential value of total goods held up as high as $9.6 billion. During this event, many vessels decided to avoid taking any chances with further delays and circumvent the Suez Canal by navigating around the … [Read more...] about The Importance of an Ocean Cargo & Stock Throughput Policy

Container shipping - statistics & facts​ Maritime shipping is the backbone of world trade; it is estimated that some 80 percent of all goods are carried by sea. In terms of value, global maritime container trade is estimated to account for around 60 percent of all seaborne trade, which was valued at around 14 trillion U.S. dollars in 2019. While the number of goods carried … [Read more...] about The Steep Rise in Global Seaborne Trade

Protect your product on its long journey to reach its destination. Stock Throughput Policies (STP) are designed for companies that import, distribute, or export merchandise. A STP is a form of marine coverage that insures a company’s goods throughout the supply chain, from production to final destination. From raw materials to works-in-progress to finished goods, a Stock … [Read more...] about Ocean Cargo & Stock Throughput