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

News / Industry News

U.S. PORT CONGESTION FUELS CANCELLED SAILINGS

Noatum Logistics has received notifications from two of our core ocean carriers, one within THE Alliance and the other a partner in the Ocean Alliance, announcing 28 voided sailings between February 5 and February 26. A full table of all blank sailings announced as of this week is provided at the bottom of the alert.

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VIETNAM: SECTION 301 INVESTIGATION CURRENCY DETERMINATION

On Friday, January 22, 2021, The United States Trade Representative (USTR) office issued in Federal Register Notice 86 No 13 FR 6732 the notice of determination related to the Section 301 investigation into Vietnam’s Currency Valuation practices.

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ALUMINUM IMPORT LICENSE PROGRAM EFFECTIVE DATE DELAYED UNTIL MARCH 29, 2021

On Friday, January 22, 2021, U.S. Customs and Border Protection issued Cargo System Messaging Service (CSMS) # 45799085 delaying the Aluminum Import License requirement until March 29, 2021. This delay announcement is in response to the “Regulatory Freeze” issued by the White House Chief of Staff on January 20, 2021.

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UNPRECEDENTED VOLUMES, BOOKING DELAYS, PORT AND RAIL CONGESTION – UPDATE #3

U.S. containerized imports from Asia in December were up 29.9% year over year with December marking the third highest monthly volume figure in 2020 behind October and August.

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CBP ISSUES WITHHOLD RELEASE ORDER FOR ALL COTTON AND TOMATO PRODUCTS FROM CHINA REGION

On January 13, 2020, U.S. Customs and Border Protection (CBP) announced in a press release that a region-wide Withhold Release Order (WRO) for cotton and tomato products made by slave labor in Xinjiang would go into effect immediately. 

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UNPRECEDENTED VOLUMES, BOOKING DELAYS, PORT AND RAIL CONGESTION – UPDATE #2

The ongoing import surge continues to cause bottlenecks throughout the supply chain. For the week ending January 8, there were 35 vessels at anchor awaiting berths at Los Angeles/Long Beach.

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DIGITAL SERVICE TAX TARIFFS SUSPENDED FOR FRANCE AND DECLINED FOR THREE OTHER NATIONS

The United States Trade Representative (USTR) office issued multiple Federal Register notices on January 12, 2021, addressing the Digital Service Tax (DST) decisions for France, India, Italy, and Turkey.

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2020 RETAIL IMPORTS MAY BREAK RECORD DESPITE PANDEMIC

Source:  National Retail Federation Press Release – January 8, 2021

Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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DECEMBER 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – January 4, 2021

Economic activity in the manufacturing sector grew in December, with the overall economy notching an eighth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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UNPRECEDENTED VOLUMES, BOOKING DELAYS, PORT AND RAIL CONGESTION

The double-digit percentage year over year volume growth on the Asia to U.S. trade-lane is expected to continue well past the Lunar New Year holiday (Feb 12) and potentially accelerate as Spring volumes match or exceed prior year. It is expected that imports moving from Asia to the West Coast ports in the U.S. from November thought January will show a 30% increase year over year. This increase is spilling over to all U.S. ports with Gulf and East Coast ports also posting double-digit growth.

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