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News / Industry News

RETAIL CARGO CONTINUES SETTING RECORDS AS SUPPLY CHAINS STRUGGLE TO KEEP UP WITH CONSUMER DEMAND

Source:  National Retail Federation Press Release – June 7, 2021

Imports at the nation’s largest retail container ports saw their busiest April on record and May could turn out to have set a new all-time record as vaccines allowed consumers to return to normal shopping patterns, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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GREATER CHINA YANTIAN/SHEKOU PORT OPERATIONS UPDATE

A number of COVID-19 cases had emerged at the port last week, and tightened health and safety measures have been rolled out by local authorities. This advisory includes the latest updates, as well as contingency plans from our carrier partners.

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NOATUM LOGISTICS WEEK 21 OCEAN MARKET UPDATE

Transpacific Market  U.S. Imports from Asia in April increased by 29.3% on a year over year basis to 1.55 million TEU, according to IHS Market. While this does represent a 6.6% month over month decrease in volume, the decline should not be attributed to a softening in demand but rather due to continued capacity disruptions caused by heavy congestion across the entire Transpacific network.

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RETAIL CARGO IMPORTS SET NEW RECORD AS ECONOMY RECOVERS

Imports at retail container ports hit a new record this spring and volume during the first half of 2021 is expected to be a third higher than last year as the economy continues to recover from the pandemic, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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SUEZ CANAL INCIDENT STATUS UPDATE

The situation in the Suez Canal has now been resolved, with the backlog having cleared and all vessels proceeding to their destinations. The impact on Noatum North America and its customers was thankfully minimal.

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RETAIL IMPORT SURGE EXPECTED THROUGH SUMMER

The unprecedented surge of imports at retail container ports that began last summer is expected to continue at least through the end of this summer as retailers work to meet increased consumer demand, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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SECTION 232 STEEL AND ALUMINUM DERIVATIVE PRODUCTS: DUTY RECOVERY OPPORTUNITY

On April 5, 2021, the U.S. Court of International Trade issued an opinion against the Section 232 derivative product  tariffs implemented on Proclamation 9980 which applied a 25% tariff on steel derivative products and a 10% tariff on aluminum derivative products.

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DIGITAL SERVICE TAX NEXT STEPS FOR AUSTRIA, INDIA, ITALY, SPAIN, TURKEY, AND THE UNITED KINGDOM

On Friday, March 26, 2021, the United States Trade Representative (USTR) office announced in a press release the Next Steps of Section 301 Digital Service Tax (DST) Investigations for Austria, India, Italy, Spain, Turkey, and the United Kingdom.

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USTR SUSPENDS TRADE ENGAGEMENT WITH BURMA

On Monday, March 29, 2021, the United States Trade Representative (USTR) Katherine Tai announced that the USTR would Suspend Trade Engagement with Burma following Military Coup and Violence against Civilians.  In the message, the USTR said the suspension of all U.S. engagement with Burma under the 2013 Trade and Investment Framework Agreement (TIFA) will remain in effect until a return of a democratically elected government.

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ALUMINUM IMPORT LICENSE PROGRAM EFFECTIVE DATE DELAYED AGAIN UNTIL JUNE 28, 2021

On Monday, March 29, 2021, upon request from the Department of Commerce (DOC), U.S. Customs and Border Protection issued CSMS Message #46800973 delaying the effective date of the Aluminum Import (AIM) license requirement until June 28, 2021. 

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