The Office of the U.S. Trade Representative (USTR) has released the official list of about $200 billion worth of Chinese imports subject to additional tariffs. This list contains 5,745 full or partial lines of the original 6,031 tariff lines that were announced back in July. Starting September 24, 2018 these items will be subject to…
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U.S. Customs and Border Protection (CBP) issued a hurricane warning for the Carolinas, Virginia and Maryland. In preparation of Hurricane Florence, port authorities along the Southeast coast have ordered their marine terminals to close for both truck and vessel traffic for Thursday, Friday and possibly Monday. Ports already closed include Wilmington and Morehead City in North…
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Trans-Pacific carriers have announced the third quarter Bunker Adjustment Factor (BAF) and Low Sulphur Surcharge (LSS) for 2018, effective October 1, 2018. The BAF and LSS will affect all Canadian and U.S. destinations. The following amounts are in USD and apply to all freight moving on Trans-Pacific lanes. Bunker Adjustment Factor (BAF) Applies to all…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective October 1, 2018. 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 October 1 Equip. USD…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective September 15, 2018. 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 September 15 Equip. USD…
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In response to the Trump administration’s recent proposed tariffs on $200 billion worth of Chinese goods, China has announced their own proposed list of additional 10 percent tariffs. Some of the major items by value on this 10 percent tariff list are food preparations, lasers other than laser diodes, and cast glass sheets. These are…
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The Office of the United States Trade Representative (USTR) has finalized list two of Section 301 tariffs on Chinese products. The list contains 279 tariff lines—about $16 billion worth of imports from China—and will be subject to a 25 percent additional tariff. Customs will start collecting these additional duties on August 23, 2018. A Federal Register…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective September 1, 2018. 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 September 1 Equip. USD…
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Tropical storm Jongdari hit northeast of the East China Sea yesterday and is expected to reach Shanghai on Friday. Predictions are that the storm will strengthen and be upgraded to a Typhoon. Delays in vessels docking and departing the port of Shanghai were experienced during last month’s Typhoon Ampil. The level of impact, if any,…
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Freight rates across all sectors may be higher than anticipated this peak season. Ocean carriers have increased rates through a series of small general rate increases leading to a large jump effective August 1. The contributing factors include Reduction in Vessel Sharing Alliances (VSA) on trans-pacific trade 4% increased demand in first half of 2018…
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