The Office of Foreign Assets Control (OFAC) has changed the base civil penalty amount for certain sanctions violations. This was done in order to reflect inflation adjustments for its civil monetary penalties. In a notice, the OFAC’s definition of “applicable schedule amount” was revised. This establishes a base penalty for non-egregious sanctions violation cases that…
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As most of you are aware, India is grappling with a second wave of COVID-19, which is infecting more than 350,000 people and claiming 2,500 lives every day. The healthcare infrastructure in India is near total collapse with a severe shortage of hospital beds, oxygen, and treatment medications. The country is vaccinating three million people…
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The Canadian Union of Public Employees (CUPE), Local 375, has given a 72-hour strike notice to the Maritime Employers Association (MEA) at the Port of Montreal beginning April 26, 2021 at 7am. All services provided by the union members at the port will stop except for Oceanex services, as they are deemed essential. We will…
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The ripple effects from the Ever Given—the containership that was stuck in the Suez Canal a few weeks ago—will continue to be felt in trade lanes around the world for a month or two. We were already taxing the global transport system beyond its limitations when the grounding in the Suez Canal occurred. The delay…
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The Canadian Union of Public Employees (CUPE), Local 375, has given a 72-hour partial strike notice to the Maritime Employers Association (MEA) at the Port of Montreal beginning April 13, 2021. All terminals at the port will be impacted. The following actions are taking place until further notice, Starting April 13th at 6:00 pm, the…
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The Commodity Classification Standards Board (CCSB) has announced a series of National Motor Freight Classification (NMFC) changes effective, April 10, 2021. Many items have been cancelled as obsolete, new items numbers have been added, and certain classes—based on density—have been changed. These changes may impact anyone with less than truckload (LTL) shipments of certain commodities…
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Women’s History Month is widely celebrated throughout the U.S. during the month of March, however this was not always the case. Women’s History Month has its roots in the first International Women’s Day, a one-day celebration held in 1911. Over time it steadily grew into a week-long event until1988, when it was officially designated a…
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The Ever Given is no longer blocking the Suez Canal, but the ramifications left behind in its wake will be felt for weeks and months to come. During the week-long problem, over 400 vessels were scheduled to move through the canal. Some vessels were rerouted around Africa via the Cape of Good Hope and will…
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Updated: March 29, 2021—Ever Given has been refloated and is being inspected. Transits are expected to start later this evening. It is still unclear if any vessels will be prioritized for passage but the current backlog should be cleared within four days, according to Hapag-Loyd. Original post: March 24, 2021—A mega ship, the MV Ever…
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The equipment crisis in India has reached a new peak. Specifically for inland points, there is an acute shortage of containers to load at any rate level. There is also a severe supply and demand imbalance, and this is expected to continue through at least April. The following are a few significant trends surfacing in…
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