Worldwide Logistics Limited Establishes New Offices in India

Worldwide Logistics has opened two new offices in India’s major commercial hubs capitalizing on the growth of international cargo movement to and from India.

The new offices, operating under the name WWL India Private Limited, are another part of Worldwide Logistics’ rapid global expansion. The Worldwide Logistics Group of Companies are already among the top ten forwarders by volume worldwide and enter the India market as a major competitor to existing forwarding companies in India rather than a newcomer.

Joseph Monaghan, President of Worldwide Logistics, took a step toward establishing a presence in the India logistics service industry in 2011 with the creation of a separate company, India Maritime Agency LLC (IMAL). After 5 successful years of IMAL’s operation, Mr. Monaghan recognized that his flagship company, Worldwide Logistics Limited, could directly benefit from a local operation in the India scene. Several months later, WWL India Pvt. Ltd. became fully operational on May 2nd 2016 in Mumbai and May 9th 2016 in New Delhi.

Mr. Monaghan provided an outline of the Company’s plans for India, “We are very excited about the potential of the India market. The offices in Mumbai and Delhi are just Phase 1 of our operation in India. Later this year Worldwide will be opening additional offices in other economic centers around the country.”

At the completion of Phase 1, the WWL India offices are expected to reach a staff strength of about 15 in each location. The second phase of the expansion taking place in the latter half of 2016 will add additional offices in Baroda, Moradabad, Tuticorin, Jodhpur and Ludhiana. The last announced phase taking place in 2017 will focus on new offices in southern and eastern India.

Spearheading the WWL India team is Mr. Manish Verma, a 15 year veteran of the logistics services industry whose experience is acutely focused on trade between India and the US. Mr. Verma will serve as the Managing Director of WWL India seated at the company’s headquarters in New Delhi. “We have assembled a team of the best industry professionals and have received immediate support from day one by the world-class network of offices and agents of Worldwide Logistics Ltd. This combination readies WWL India for great success.”

 

Office Locations:

NEW DELHI
Worldwide Logistics, Ltd.
WWL India Private Limited
Corporate Office #DTJ1116, 11th Floor, DLF Tower B
Jasola District Centre, New Delhi 110044 INDIA
Tel: +91 11 46061234
Fax: +91 11 46061235

 

MUMBAI
Worldwide Logistics, Ltd.
WWL India Private Limited
#139, 1st Floor, Adarsh Industrial Estate
Sahar Road, Andheri (East), Mumbai 400099 INDIA

Boston Direct Call Port Update

By Don Hardy

Opinion

We reported back in February that there is some speculation that the CKYH+E alliance may cease all water direct call service to Boston. Depending on who you talk to there are different opinions on the future of direct port calls to Boston from Asia. The port is optimistic that there will continue to be a direct call to the port of Boston.  The ocean carrier sales representatives are advising that the direct call service to Boston will stay.  However, when chatting with the ocean carriers in China, there seems to be some doubt.

The ocean carriers are moving to much larger ships and fewer port of calls. For the very short term it seems likely that the carriers will continue to call on Boston albiet with reduced capacity and calling frequency.  In the long term, the threat that direct carriers may eliminate calling Boston still looms.

Key Events

  • Recently, Cosco moved an 8500 container ship through Boston (Paul W. Conley Terminal) and was successful in handling the vessel.
  • The CKYH+E alliance is supposed to make a short term decision on port calls in the next 60 days.
  • In late June 2016, the widened Panama Canal is set to open. Some carriers are considering increasing their Panama all water vessel size this summer from 4500 TEUs to 8000 TEUs, and there is concern that smaller ports like Boston will not be able to handle the larger vessels.
  • In late 2017, the navigational clearance at the Bayonne Bridge will be completed, raising the structure to accommodate larger ships sailing underneath. Maher Terminal, APMT, Global Terminal and PNCT at the port of NY/NJ require vessels to pass under the Bayonne Bridge to access their facility.

Challenges

  • Boston port can only handle container ships stacked five containers high. This is a limitation of the cranes that unload the containers, but larger vessels can stack eight containers high.
  • Due to FAA restrictions, the cranes cannot be raised as they are too close to Logan Airport flight paths.
  • Boston has a nine foot tide swing. Vessels have to call the port on high tide.
  • Container ships call on NJ/NY ports first before heading north to Boston. After calling Boston, vessels travel southwards to southern ports.

Our  Options

Worldwide Logistics will continue to closely observe any new information regarding direct all water transit service to Boston.  For the short term, the carriers are providing rates and sailing schedules for Boston port calls.  Fortunately, two of the key carriers we work with, namely Cosco and Yang Ming, have long featured a direct call at Boston in their vessel rotation.

However we need absolute preparedness in the event that this service is suspended or disrupted to the point where other options are required.

Similar to Boston, Worldwide Logistics currently services tens of thousands of containers without service disruption through the port of NY/NJ.  Some terminals at NY/NJ are congested and some have high tolls leaving the area. Our primary terminal is not congested and is not subject to the toll.   Thanks to our expansive drayage network, we will be able to provide customs clearance in either New York or Boston ports.

We are hoping that the carriers will continue to recognize the important client base in New England. We are trying to deliver that message, however we must be prepared for the reality of the mega-ships and reduced ports of call.  Worldwide Logistics always endeavors to be on the front end of any regulatory, market or industry changes, keeping clients equipped with effective solutions.

Jawaharlal Nehru Port Poised to Hit Record Volume

http://www.joc.com/port-news/asian-ports/port-jawaharlal-nehru/jawaharlal-nehru-port-likely-top-previous-teu-high-fiscal-year_20160303.html

Despite slowing global trade and off-and-on labor disruptions as well as other infrastructure woes, Jawaharlal Nehru Port Trust, India’s biggest public container handler, will most likely surpass its annual 2014-15 record throughput of 4.47 million 20-foot-equivalent units in the current fiscal year, which ends March 31, an analysis of the newest port figures collected by JOC.com show.

JNPT’s total containerized exports and imports edged up 0.6 percent in the first 11 fiscal months through the end of February compared to the same period in the previous fiscal year, to 4.1 million TEUs. Throughput during February was up 3 percent year-over-year to 368,957 TEUs, according to the latest figures.

By terminal, APM Terminals-operated Gateway Terminals India, which loads the majority of the containers passing through JNPT, moved 1.71 million TEUs in the 11-month period, down 7 percent from 1.84 million TEUs during April 2014 to February 2015, while its volume during February dropped 5.26 percent from the previous month to 153,928 TEUs.

Nhava Sheva International Container Terminal, DP World’s flagship facility at JNPT, saw traffic plunge 12.3 percent year-over-year during April 2015 to February to 924,186 TEUs, but its container-handling during February picked up dramatically, jumping by 39 percent from the prior month to 72,430 TEUs, reflecting restoration of cargo operations at full speed at the private terminal after a period of industrial unrest, which ended Jan. 23. That growth also may have been thanks to drayage improvements brought on by the introduction of automated gate systems.

Nhava Sheva (India) Gateway Terminal, the Dubai-headquartered group’s new, second facility in the harbor, racked up 164,894 TEUs in the first 11 fiscal months with a total of 73 ship calls. NSIGT, which had been operating to its partial capacity since early last year, was officially inaugurated by DP World Chairman Sultan Ahmed Bin Sulayem during his recent visit to Mumbai.

By contrast, state-owned Jawaharlal Nehru Container Terminal continued its upward march, driven by equipment upgrades and new service additions. The public facility increased its throughput by 10.15 percent year-over-year during April 2015 to February to 1.3 million TEUs, according to the data.

JNPT accounts for roughly 60 percent of the containers handled at India’s 12 major state-owned ports and about 40 percent of the nation’s overall containerized ocean freight. The port administration continues to work on easing supply chain bottlenecks in an effort to stay ahead of anticipated trade growth and cope with rising competition from nearby private terminals, especially Mundra.

The west coast port last month announced a new, simplified “direct port delivery” program for import cargo in order to allow more shippers to use the green-channel facility. In addition, customs authorities at Nhava Sheva have lifted a procedure requiring truckers to present gate-in permits issued electronically in hard copy form for export cargo.

 

Export Tips

By Michael Capezza

The International Trade Administration of the USA’s Department of Commerce provides an invaluable internet Portal for companies both currently exporting and for those that may be aspiring to export.

The Portal can be accessed at www.export.gov.  Upon signing in the user is exposed to a virtual bazaar of useful information:

  • Overseas market intelligence of 125 markets.
  • Government resources for financing, product classification & licensing for export, trade promotion, etc.
  • Trade Leads
  • Webinars providing basic and advanced exporting education
  • Local offices in each state of the union as well as international locations

Perhaps the best part about the Export.gov Portal is that all of the information contained on the site is available at no cost to the user. In addition, the site allows the user to subscribe to specific entities of interest (such as the Small Business Administration) and receive automatic updates from each entity chosen via e-mail. This feature allows the user to remain current in each area of interest without having to remember to periodically check each entity.

Every company that is currently exporting and any company that has an interest in exporting should make a point of utilizing the Portal as a valuable resource and tool for expanding its business to overseas markets. The information is valuable and free!

It is also recommended to contact your local Export Assistance Center, for local seminars, training and information available in your area.

Should My Company Cover Marine Cargo Insurance or Not?

By: Michel Wouters, Worldwide Logistics Ltd.

Many people and companies are under the impression that shipments are automatically insured by the supplier, consignee, carrier or freight forwarder. Unfortunately this is a misconception.

Quite often we hear the statement: “We have been shipping for many years without covering any type of marine cargo insurance. We have never had a loss or damage to our goods!” While many companies feel that the insurance premium is costly it usually represents only a fraction of the cost of the merchandise and also gives peace of mind.

Damage, pilferage and loss of cargo are a daily fact. Accidents do happen and cargo ships sink. There are so many chances for some sort of freight claim. While I personally believe that no one purposely would damage goods, it happens!

Let’s analyze who covers what and how much.

  • Suppliers will only insure the goods if this agreed upon through a specific Incoterm. Many companies are under the impression that the vendor will insure the goods for the full landed cost value. For instance, the Incoterm “CIF“ states that the supplier is to insure the goods, however the obligation from the supplier is to insure only a minimal coverage, as stated under that specific Incoterm.

Carriers, such as steamship lines, NVOCC, airlines and truckers, usually have a limited cargo insurance liability which is not sufficient to cover the full value of the cargo, as demonstrated hereunder:

  • NVOCCs and steamship lines usually cover a limited liability insurance of $500.00 per package or container.
  • Airlines usually have a limited liability of carriage of $ 20.00 per actual kilogram.
  • Truckers frequently show on their Bills of lading a Dollar limitation on the value of the cargo or specify a dollar limit of liability.

Based on the above limitations many companies would have a hard time to withstand a total or partial claim to a shipment.

Many small to midsize companies find it impossible to secure their own marine insurance cargo policy because most insurance carriers require a larger volume of insurance. Most freight forwarders have an “open cargo insurance policy” which means that many freight forwarders have the capability of insuring your cargo from door to door, thus limiting your risks and exposures. This coverage is available on a case by case basis, and while not all commodities are included in the coverage, an exception can be requested from the insurance carrier. Be aware of the different coverage options available as well as the various clauses in the policy. The insurance premium is calculated based the commodity, origin/destination of the cargo, mode of transportation, and is based on a percentage of the value of the goods.

A common mistake companies make is to insure only the value of the cargo, instead of the landed cost. It is advisable to add all the landed expenses to the value. (Landed cost equals freight costs, duties and taxes, pier charges, marine insurance cargo premium etc.) While this will increase the premium slightly, it will cover those types of expenses in case of a claim.

One should make sure to give the freight forwarder written instructions to insure the goods, as well as the value to declare.

Cargo Marine Insurance coverage is a good way to mitigate loss of revenue and give peace of mind.

 

About Worldwide Logistics Ltd.

Worldwide Logistics Ltd. was formed with a single goal. That is to create a logistics company that could offer competitive and comprehensive solutions without compromising personal service. International & Domestic freight services offered spanning Ocean, Air, Truck & Rail.

 

Phone: 1.201.556.0909
Email: sales(at)wwllmail(dot)com
Address: 25 E. Spring Valley Avenue, Suite 205, Maywood, NJ 07607

Website: http://worldwidelogisticsltd.com/