Vizhinjam International Seaport: A Game Changer for Transshipment in South Asia

Global News, India Center of Excellence
Vizhinjam International Seaport: A Game Changer for Transshipment in South Asia

India's growing need for efficient port infrastructure has been met with the ambitious development of the Vizhinjam International Seaport in Thiruvananthapuram, Kerala. Positioned strategically along the east-west shipping lanes, Vizhinjam is set to disrupt traditional shipping routes and pose a direct challenge to major transshipment hubs like Colombo, Jebel Ali, and Singapore. This article explores…

Read More »

CBP Proposes Two New Rules Impacting Low Value Clearances & Excluding Sections 232, 201, & 301

Section 301 Updates, Trade News, Word from the White House
CBP Proposes Two New Rules Impacting Low Value Clearances & Excluding Sections 232, 201, & 301

The U.S. Customs and Border Protection (CBP) has issued two Notices of Proposed Rule Making (NPRM) aimed at strengthening information collection for low value shipments, also known as de minimis shipments, and making merchandise ineligible due to trade or national security actions. These initiatives seek to enhance the agency’s ability to identify and intercept high-risk…

Read More »

CBSA’s New Verification & Compliance Priorities for 2025

Global News
CBSA’s New Verification & Compliance Priorities for 2025

The Canada Border Services Agency’s (CBSA) compliance priorities reflect a dynamic, risk-based process designed to address evolving trade and compliance risks throughout the year. The agency’s efforts are focused on targeted verifications and compliance measures to ensure adherence to Canada’s trade laws and regulations. New Compliance Priorities For 2025, the CBSA has identified several new…

Read More »

Adjusted Civil Penalties for 2025

Trade Translation
Adjusted Civil Penalties for 2025

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 $364,992 to $374,474. Effective January 15, 2025. AES Filings 13 U.S.C.…

Read More »

East & Gulf Coast Strike Averted: ILA & USMX Secure Master Contract

Global News, Market Updates
East & Gulf Coast Strike Averted: ILA & USMX Secure Master Contract

The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have reached an agreement on a Master Contract, bringing relief to the shipping industry and averting the potential January 15 strike. This agreement, which is now pending ratification, marks a significant milestone in labor relations within the maritime sector. The industry will be…

Read More »

2/1 Trans-Pacific Carriers Announce GRI

Market Updates
2/1 Trans-Pacific Carriers Announce GRI

Trans-Pacific carriers have announced a General Rate Increase (GRI) effective February 1, 2025. 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, 2025 Equip.USD20…

Read More »

1/15 Trans-Pacific Carriers Announce GRI

Market Updates
1/15 Trans-Pacific Carriers Announce GRI

Trans-Pacific carriers have announced a General Rate Increase (GRI) effective January 15, 2025. 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, 2025 Equip.USD20…

Read More »