The European Union (EU) and the United States (U.S.) have reached an agreement that will continue the suspension of the previous rebalancing tariffs, until March 31, 2025. In return, the U.S. will also continue to hold off on its Section 232 tariffs of 25% on EU steel and 10% on EU aluminum—imposed in 2018. By…
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In the digital transformation era, Mohawk Global strives to find solutions to the challenges our clients face. We put our processes under a microscope to encourage change throughout the industry. In this case, our client needed confirmation that an additional email with a PDF copy of an invoice per shipment was not necessary to satisfy…
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The announcement that Maersk and Hapag-Lloyd are joining forces in what they call the “Gemini Cooperation” comes with little surprise. The three transpacific Vessel Sharing Alliances (VSAs) serving USA ports are prime for a makeover in the next year or two. Maersk and Mediterranean Shipping Company (MSC) announced the dissolution of the ‘2M Alliance’ in…
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Pacific carriers have announced a General Rate Increase (GRI) effective March 1, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective March 1, 2024 Equip.USD20…
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Pacific carriers have announced a General Rate Increase (GRI) effective February 15, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective February 15, 2024 Equip.USD20…
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The current landscape in the Panama Canal and the Red Sea are impacting the industry rapidly. Mohawk Global continues to analyze the ever-changing developments, to better understand the influence that further actions may have on our clients. Panama Canal The Panama Canal is vital for East-West trade and positive developments could ease some of the…
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Pacific carriers have announced a General Rate Increase (GRI) effective February 1, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective February 1, 2024 Equip.USD20…
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Pacific carriers have announced a General Rate Increase (GRI) effective January 15, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective January 15, 2024 Equip.USD20…
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Bureau of Industry and Security (BIS), Commerce Department, and Department of State have adjusted their civil monetary penalties to account for inflation. Below is a summary of the increases. EAR Civil Violations Maximum civil monetary penalties for violations of the Export Controls Act of 2018 from $353,534 to $364,992. Effective January 15, 2024. AES Filings 13 U.S.C.…
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