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.
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.
During the month of April, 2021, Noatum Logistics was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates and announcements in the April 2021 Logistics Link.
There will be a substantial shortage of capacity from Asia to the U.S. in the months of May and June, which will further impact the already very difficult market. Mediterranean Shipping Company (MSC) intends to withdraw several voyages covering all their Asia to U.S. services, in an attempt to regain schedule integrity and to alleviate some of the ongoing congestion at ports and intermodal ramps in the USA.
During the past year, there have been numerous disruptions to the flow of commerce in and out of the United States, due to the coronavirus pandemic. The latest is the impact on truck availability at our nation’s ports.
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.
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.
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.
During the month of March, 2021, Noatum Logistics was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates and announcements in the March 2021 Logistics Link.
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.