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...
by Audrey Chaney | Jul 8, 2021 | News & Events
The West Coast MTO Agreement (WCMTOA) today announced that on August 1, 2021, the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long Beach will increase by 2.2 percent. The adjustment matches the combined 2.2 percent increase in longshore wage and...
by Audrey Chaney | Jul 8, 2021 | News & Events
CN and Kansas City Southern (“KCS”) have highlighted the benefits realized by agriculture customers, including farmer-owned grain co-operatives, through CN’s open gateways commitment in the CN-KCS combination. These stakeholders, including agricultural customers in...
by Audrey Chaney | Jul 1, 2021 | News & Events
Mainland China Tianjin: All shipping lines are in tight supply of 40HQ. CMA is the worst. Qingdao: CMA is lacking 20GP/40HQ/45HQ. ONE/HPL/SML/MSC is lacking 40HQ. Shanghai: CMA/EMC/ZIM lack 40HQ/40GP. COSCO is releasing equipment vessel by vessel. HMM lacks 40HQ and...
by Audrey Chaney | Jun 25, 2021 | News & Events
Egypt expects to finalize an agreement next week for compensation over the giant ship that blocked the Suez Canal in March, according to the waterway’s top official. The Suez Canal Authority will sign a deal with the owners and insurers of the Ever Given vessel around...
by Audrey Chaney | Jun 25, 2021 | News & Events
Over the past couple of months, the congestion at the ports of Los Angeles and Long Beach – the main US west coast gateway – has eased and vessel turn times improved. However, shippers may see renewed strain on the ports and their rail and truck networks...
