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December 4, 2023

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Ocean Carriers Re-route Due to Panama Canal & Red Sea Concerns

December 4, 2023 Global News, Market Updates
Ocean Carriers Re-route Due to Panama Canal & Red Sea Concerns

Shipping lines have begun changing traditional vessel routes from transiting through the Panama Canal, due to decreased water levels, to passing through the Suez Canal. There have also been recent attacks on both naval and commercial vessels in the Red Sea, as part of the ongoing conflict in the region. This has contributed to ocean…

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Global News

LTL Classification System Overhaul Coming to NMFC

LTL Classification System Overhaul Coming to NMFC

Effective July 19, the changes outlined in Docket 2025-1 will significantly impact the structure of the National Motor Freight Classification…

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Trade Translation

First Sale Valuation: CBP Enforces Stricter Compliance Standards

First Sale Valuation: CBP Enforces Stricter Compliance Standards

US Customs and Border Protection (CBP) has intensified its enforcement of the “first sale” valuation method, emphasizing rigorous adherence to…

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Case Studies

Umbra Streamlines Customs Entry with Mohawk Global’s Innovative Software Program

Umbra Streamlines Customs Entry with Mohawk Global’s Innovative Software Program

Overview Umbra, is a home accessories design and manufacturing company. The company sells more than 2,000 home products through over…

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White Papers

The Global Trade Playbook for Canadian Exporters

The Global Trade Playbook for Canadian Exporters

Canadian exporters face a dynamic global trade environment, especially when trading with the United States and expanding to other international…

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Articles To Read

9 Steps to Mitigate Risk in Global Trade

9 Steps to Mitigate Risk in Global Trade

In today’s complex global trade environment, businesses engaged in importing and exporting must take a proactive approach to compliance. Conducting…

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Section 301 Updates

USTR Extends Section 301 China Tariff Exclusions Through August 31

USTR Extends Section 301 China Tariff Exclusions Through August 31

Today, the Office of the United States Trade Representative (USTR) announced the extension of certain tariff exclusions under the Section 301.…

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India Center of Excellence

Port Congestion & Service Restructuring Impacting Pakistan’s Trade

Port Congestion & Service Restructuring Impacting Pakistan’s Trade

Pakistan’s shipping and logistics sector is currently facing multiple operational challenges that are disrupting cargo movement and increasing costs for…

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