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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Typhoon AMPIL hit China over the weekend causing disruption in Shanghai, Ningbo, and Qingdao. Shanghai terminals had to shut down operations due to the storm impacting truckers, as they could not pick up or return containers Friday evening until Saturday afternoon. Delays are expected. Though the port of Ningbo was not directly impacted by the…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective August 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 August 1 Equip. USD…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective July 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 July 1 Equip. USD…
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Good news for importers. Companies are being given the chance to obtain product exclusions from list 1 of Section 301, according to the announcement made on July 6, by the U.S. Trade Representative’s (USTR) office. For each request, the USTR may consider the following Whether a product is available from a source outside of China.…
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Bangladesh is experiencing a severe monsoon season and is currently experiencing flooding. This is causing delays at the Chittagong port, as truckers are having difficulty getting cargo to and from port. Delays are expected, since there is no telling when these conditions will let up. If you have any questions or want to check on…
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On Tuesday, July 10, the Trump administration announced a list of additional 10 percent tariffs on $200 billion in Chinese goods. This new list contains 6,031 tariff lines and is, “a result of China’s retaliation and failure to change its practices,” according to U.S. Trade Representative Robert Lighthizer. These tariffs will not go into effect…
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It’s monsoon season in India and it is impacting the roads in and around the terminal in Mumbai. Heavy rainfall has caused congestion at port and delays for truckers, as they wait in long lines to pick up or drop off equipment. These conditions are expected to continue over the next few days, according to…
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The European Union (EU) has announced a list of tariffs—impacting $3.2 billion worth of U.S. goods—that will go into effect on June 22, 2018. These tariffs are in response to the U.S. ending exemptions on Section 232—steel and aluminum—tariffs and are seen as “rebalancing measures,” according to the EU. Here is the full list of…
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