Equipment shortages throughout China and Southeast Asia are so severe that carriers with premium trans-Pacific services are unable to guarantee equipment availability. Some vessels are leaving China without full loads because there is not enough equipment. Due to these serious shortages, all shipping routes are reporting freight rate increases, and have added carrier surcharges. After…
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The European Union will impose tariffs on $4 billion in imports from the U.S. These tariffs are a part of the dispute over aircraft subsidies and serve as a punishment for U.S. subsidies for Boeing. These taxes have been authorized by the World Trade Organization and have taken effect on Nov. 10. There has…
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Trans-Atlantic carriers have announced a General Rate Increase (GRI) effective December 1, 2020. 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 portsEffective December 1, 2020 Equip. USD20…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective December 1, 2020. 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 portsEffective December 1, 2020 Equip. USD20…
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On Friday, Oct. 30, the government of Sri Lanka announced more severe lockdowns in the capital city of Colombo after a large increase in the number of COVID-19 cases. The restrictions barred travel for any non-essential purposes, which has led to labor shortages. Colombo serves as an important port of call, not just for exports…
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Under a Presidential Proclamation issued on Oct. 30, there will be a set of changes to the Generalized System of Preferences (GSP) that will take effect Nov. 1. Certain products have been added and removed from the list of goods that are eligible for GSP. Changes include the addition of fresh-cut roses, and the removal…
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The continued measures to limit the spread of Covid-19 within the US, combined with a high influx of container volumes throughout the US, are causing disturbances and delays across the supply chain. The disruptions are significantly impacting import LCL cargo, specifically moving through the US West Coast ports of LA/Long Beach and US East Coast…
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China has approved a new structure for regulating certain exports which include sensitive products, services, and data. The Republic of China’s National People’s Congress Standing Committee has approved this Export Control Law (ECL) to protect China’s national security. The law will go into effect on December 1, 2020. The ECL will be implemented by state…
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It is the middle ground between light and shadow, between science and superstition. It lies between the pit of a shipper’s fears and the peak of their trade advisor’s knowledge. It is an area which we call… no, not the Twilight Zone, but the Trade Compliance Nightmare Zone. The stuff of real, unbridled fear can…
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India is dealing with the worst container equipment shortage in its documented history. The world’s most severe pandemic induced lockdown, combined with falling consumption, blank sailings, and shipping lines’ desire to reposition containers to more lucrative trades has created a severe short fall at all inland points and most ports. India, a country of 1.3…
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