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News

NEGOTIATIONS CONTINUE AS ILWU & PMA COMMIT TO REACHING A NEW AGREEMENT

On the 10th of June President Joe Biden met with the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) in San Pedro, California. Several issues, including supply chain congestion were discussed amongst the parties to reach a collective bargaining agreement that is fair to both parties.

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CBP ISSUES OPERATIONAL GUIDANCE ON UYGHUR FORCED LABOR PREVENTION ACT

As required prior to implementation of the Uyghur Forced Labor Prevention Act (UFLPA) on June 21st, 2022, CBP has issued operational guidance to assist importers in complying with the act.

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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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SOUTH KOREA TRUCKERS GO ON STRIKE AT PORTS DUE TO THE SURGE OF FUEL PRICES

Truck drivers unite in protest across South Korea slowing major ports and container depots. This strike comes at a time when the global supply chain struggles to recover from Russia’s invasion and lockdowns in Chinese cities. Although not all the nations drivers are choosing to participate, the rallies threaten to slow the pace of South Korean exports of consumer goods if they continue for weeks, local media said.

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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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MAY LOGISTICS LINK

Regulatory Updates

RAIL CAPACITY AND CONGESTION
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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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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