by Audrey Chaney | Aug 5, 2021 | News & Events
Implementation of Phase VI of the Lacey Act enforcement schedule has been delayed to October 1, 2021. The Food, Conservation, and Energy Act of 2008 amended the Lacey Act to provide, among other things, that importers submit a declaration at the time of importation...
by Audrey Chaney | Aug 5, 2021 | News & Events
U.S. import demand is stronger than ever as inventory-to-sales ratios remain painfully low. Yet there’s rising risk to shipping volumes on the supply side of the equation: Most American containerized imports come from China and elsewhere in Asia, where the delta...
by Audrey Chaney | Aug 5, 2021 | News & Events
Ocean carriers continue to shift tonnage from intra-Asia and north-south trades to more lucrative east-west routes, which is in turn driving freight rates up on these secondary trades. Alphaliner said its data showed transpacific routes between Asia and North America...
by Audrey Chaney | Aug 5, 2021 | News & Events
With so many unforeseen incidents stalling global trade, ongoing delays have sharply reduced the system’s effective capacity and put upward pressure on shipping rates that began reaching record highs months ago. Unfortunately, carriers have no extra ships to meet a...
by Audrey Chaney | Jul 8, 2021 | News & Events
Thanks to the signing of a settlement deal between the Suez Canal Authority and vessel owners Shoei Kisen Kaisha Ltd., the Ever Given will be seen off on Wednesday in a ceremony attended by dignitaries, diplomats and company officials from around the world. Neither...
