Get Ready to Blend Destination Control Statements

Get Ready to Blend Destination Control Statements

Effective November 15, the Bureau of Industry and Security (BIS) and the U.S. Department of State (DOS) will enforce new requirements for the destination control statements needed under the Export Administration Regulations (EAR) and the International Traffic in Arms Regulations (ITAR). The revisions will combine both destination control statements, used for EAR and ITAR, to…

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Hanjin Update

Hanjin Update

UPDATE:11:44 AM EST Hanjin Shipping has advised that the Hanjin Miami will commence work at Maher Terminals on Thursday, September 22, 2016 (Source). As we complete the third week following Hanjin’s filing for bankruptcy protection, there have been plenty of words exchanged and court battles begun, but little has changed since the initial ripple effects impacted…

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Updated Zika Requirements for the U.S.

Updated Zika Requirements for the U.S.

As of September 2, China has narrowed its Zika requirements for the United States. Vessels originating from the United States, other than the state of Florida, are not required to present a disinsection certification. China’s General Administration of Quality Supervision Inspection and Quarantine (AQSIQ) states that although the requirement only affects shipments originating from Florida,…

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Ocean Freight Rates Are Rapidly Increasing

Ocean Freight Rates Are Rapidly Increasing

Ocean freight rates are increasing rapidly due to market dynamics this week with Hanjin filing for court receivership signaling their bankruptcy. The ripple effect began almost immediately with many ports shutting out Hanjin vessels and turning away any Hanjin loads. Partner carriers reacted quickly too by stopping any of their containers from loading aboard Hanjin…

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Hanjin Bankruptcy

Hanjin Bankruptcy

Hanjin, the world’s seventh largest container carrier, is filing for court receivership following 5 years of operating losses and a withdrawal of further funding from their largest creditor. Hanjin has already stopped accepting bookings, and several of their vessels have been detained at loading ports. This means cargo onboard Hanjin vessels may be subject to…

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