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News / Industry News

CONGRESS IS VOTING TO OVERHAUL THE SHIPPING INDUSTRY. HERE IS EVERYTHING YOU MUST KNOW.

As early as next week Congress will schedule to vote on the Ocean Shipping Reform Act of 2022. With support from the Senate and House the bill is likely to be passed. Here is what you need to know.

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U.S. PORTS REMAIN AT NEAR-RECORD VOLUME AS DEMAND CONTINUES AND WEST COAST CONTRACT DEADLINE APPROACHES

Source: National Retail Federation Press Release-  June 8, 2022

WASHINGTON – Imports at the nation’s major retail container ports should see near-record volume again this month as retailers work to meet still-strong consumer demand and also protect themselves against potential disruptions at West Coast ports, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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RAIL CAPACITY AND CONGESTION

Lack of rail capacity, threatens West Coast port flow

Ports along the US West Coast say they are in a healthier position and will be able to control peak season imports. Although concerns are arising about the rise in dwell times for rail-bound containers, possible derailing previous progress made by marine terminals.

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SHANGHAI LIFTING ITS TWO-MONTH COVID LOCKDOWN

Starting Wednesday June 1st, Shanghai officials will begin to re-open China’s largest city after a long two-month COVID lockdown. The lockdown was initiated during China’s worst wave of infections since the beginning of the pandemic.

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ILWU CONTRACT NEGOTIATIONS UPDATE

The contract negotiations between the ILWU and PMA began May 10th in San Francisco. It has been posted on a few trade publications that the ILWU requested to suspend further negotiations until June 1st. The following are the key points:

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U.S. PORTS SET NEW RECORD FOR IMPORTS

Source: National Retail Federation Press Release-  March 9, 2022

WASHINGTON – Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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SHANGHAI / NINGBO LOCKDOWN UPDATE – 19 APRIL

The following is about our current air & ocean operations situation in the Shanghai & Ningbo area:

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NORMAL TRADE RELATIONS SUSPENDED FOR RUSSIA AND BELARUS

On April 8th, 2022, President Biden signed into law HR 7108 to remove the Permanent Normal Trade Relations (PNTR) status with Russia and Belarus. The removal of Permanent Normal Trade Relations status includes the withdrawal of “most favored nation” tariffs and will result in higher tariffs on the import of goods from Russia and Belarus.

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U.S. PORTS SEEING BRIEF SLOWDOWN FROM LAST YEAR BUT IMPORTS REMAIN HIGH

Source: National Retail Federation Press Release- April 7, 2022

WASHINGTON – The nation’s major retail container ports have begun to catch up with the backlog of cargo seen over the past several months, but could experience another surge this summer, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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US – UK REACH AGREEMENT ON SECTION 232 STEEL AND ALUMINUM TARIFFS

On Tuesday March 22nd, the United Sates and the United Kingdom announced in a Joint Statement on Trade In Steel and Aluminum that the US would remove the section 232 tariffs and the UK would suspend related tariffs on US products.

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