Noatum Logistics Completes Acquisition of the Multinational MIQ Logistics. Read more.

News

International Maritime Parade off Coast of Qingdao

The MIQ-China team has advised that China will hold an international maritime parade on April 23, 2019, to mark the 70th anniversary of the founding of the Chinese People’s Liberation Army (PLA) Navy. Navies from several other countries are expected to participate. The parade is to take place in the Yellow Sea off the coast of Qingdao city in Shandong province. The following parade-related activities are scheduled:

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U.S. Proposes Additional Tariffs on $11 Billion of European Union Goods

On Monday, April 8, 2019, the United States Trade Representative (USTR) office issued a press release in response to a World Trade Organization (WTO) finding that subsidies provided to Airbus by the European Union (EU) have caused adverse effects to the United States. The USTR announced that they are identifying EU products to which additional duties may be applied, pursuant to Section 301 of the Trade Act of 1974.

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Retail Imports Rising Again as Summer Approaches

Source: National Retail Federation April 8, 2019

With tariff increases delayed for the foreseeable future and the busy summer season approaching, imports at the nation’s major retail container ports are beginning to climb again, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Retailers are starting to stock up in anticipation of a strong summer,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Tariff increases are on hold and progress is being reported in talks between the United States and China, so the imports we’re seeing now are driven primarily by expectations for consumer demand.”

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Noatum Logistics Completes Acquisition of the Multinational MIQ Logistics

  • Combined, Noatum Logistics will have 90 offices, a volume of 364,000 logistics operations, 279,000 TEUs, 109,000 sea freight tonnes and 45,000 airfreight tonnes, 139,000 CBM LCL and 145,000 customs clearances, making it the Spanish logistics company with the largest international presence, and among the Top 50 of freight forwarders worldwide
  • Noatum Logistics is enhancing its multicultural character and innovative spirit by providing complex, specific solutions with added value for the benefit of its clients
  • Noatum Maritime Group has gross revenues exceeding 1 billion USD

Madrid, 3 April 2019 – After the announcement on March 21 of Noatum Logistics’ agreement signing to purchase MIQ Logistics entirely, the transaction has been completed today. The amount involved in the operation has not been disclosed.

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U.S. / Mexico Border Crossing Delays Expected

U.S. Customs and Border Protection (CBP) has notified the trade community to expect increased wait times as a result of lane closures across our Southwest border ports of entry. In a press release dated March 27, 2019, U.S. CBP Commissioner Kevin McAleenan noted, “CBP is facing an unprecedented humanitarian and border security crisis along our Southwest Border.” Per the release, “Up to 750 CBP officers from ports of entry along the Southwest border will soon be supporting Border Patrol with care and custody of migrants.” It is expected that the relocation of these officers will have a detrimental impact at all Southwest border ports of entry, including Mexico border crossings. The public can monitor wait times using the BWT – CBP Border Wait Times website.

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March 2019 Manufacturing ISM® Report On Business®

Source: Institute for Supply Management April 1 2019

Economic activity in the manufacturing sector expanded in March, and the overall economy grew for the 119th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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March 2019 Logistics Link

During the month of March 2019, MIQ Logistics was involved in a number of events throughout the logistics industry. Read MIQ news, industry updates, services offered by MIQ, and events that will be taking place in the March 2019 logistics link.

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MIQ Logistics Safety Award

Safe Partner Trophy Presented to MIQ Logistics Peru Team

MIQ Logistics, Inc., S.R.L. was recently presented the Safe Partner trophy by Mineração Taboca S.A. in recognition of their outstanding commitment to safety on the Minsur – San Rafael B2 Project throughout 2018. MIQ Logistics is providing an “end-to-end” logistics solution for this major project, including multi-modal transportation and management of the on-site project warehouse.

The Minsur – San Rafael B2 project, designed to extend the life of the San Rafael tin mine in the Puno Region of southern Peru, represents an investment of approximately US$200 million. San Rafael is the leading tin-producing mine in South America, and the third in the world. The mine is located in the eastern mountain range of the Andes, at 4,500 meters above sea level. The mine has been operated by Minsur S.A. since 1977, and today produces 12% of the world’s tin.

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MIQ Logistics GRI Chart

Transpacific General Rate Increases (GRI) and China Low Sulfur Surcharges (LSF)

The following are the announced levels for upcoming General Rate Increases (GRI) and China Low Sulfur Surcharges (LSF) from carriers.

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China Tariffs: USTR Releases Second Set of Exclusions

On Wednesday, March 20, 2019, the United States Trade Representative (USTR) office released a second Notice of Product Exclusions to the Section 301 List 1 products currently subject to a 25% tariff.

The scope of each exclusion is governed by the 10-digit level Harmonized Tariff Schedule (HTS) numbers and the descriptions identified in the notice. It is important to note that these exclusions are available for any product that meets the description in the official notice, regardless of whether the importer filed an exclusion request. If you import products that fall under these descriptions, you will be able to claim an exclusion using HTS number 9903.88.06.

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