As the year progresses, it appears that the global container constraints will most likely not end anytime soon. With container capacity continuing to be limited and an imbalance in trade on some routes, U.S. importers should prepare for a difficult month or two ahead. Many U.S. importers are having a very difficult time booking current […]
On Tuesday, workers at the Port of Montreal announced a partial strike in response to the actions of the Maritime Employers Association (MEA), which suspended guaranteed minimum pay and will instead pay on actual hours worked. The strike notice, filed by the Canadian Union of Public Employees (CUPE) Longshoremen’s Union Local 375 calls to suspend […]
Today’s global trade market requires companies to be able to deal with complex supply chains and international shipping in order to optimize their bottom line. Shippers are challenged when they must ship freight to other countries, especially when the cargo is worth a lot of money. It is important that shipments move across borders efficiently […]
The difference between this time last year and this year in the container market is like night and day. A year ago, routes were being cancelled because of soft volumes as well as the industry coping with the new emissions standards that require low-sulfur fuels or that ships install exhaust-cleaning systems. As compared to last […]
The year 2020 has certainly been one full of surprises, especially in the freight and logistics industries. Now in the second half of the year, the surprises keep coming. The Asia to U.S. line freight rate is at an all-time high for the last decade, and it just might continue to rise. The United States’ […]
The United States, Mexico, and Canada conduct a large amount of trade. According to the U.S. Census, Mexico and the United States traded $309 billion worth of goods during the first six months alone of 2019, making Mexico the U.S.’s main trading partner. Canada was not too far behind, at $306 billion. The implications of […]
With a tumultuous 2019 within the shipping industry, many are wondering how the new year will play out with many global changes on the horizon. Major factors such as the implementation of the IMO 2020 regulations and the ongoing trade war between the U.S. and China are sure to affect the international shipping rates for […]
EU Emissions Trading System As the year draws to a close, the maritime sector is busily preparing to ensure adherence to IMO’s low-sulfur 2020 rules. But this business belies a hard truth: for all their talk, IMO is simply not taking enough concrete action to reduce greenhouse gas emissions in the next few years. And […]
Maritime Cybersecurity… A few years ago, a spate of attacks captured the world’s attention as Somali pirates hijacked ships and held crews for ransom. The attacks grew more frequent, peaking around 2011, around the time of the dramatic hijacking of the Maersk Alabama— that incident was even adapted into a film starring Tom Hanks. But […]
It’s been a long and arduous journey, but at last, after 16 months of tension between the world’s two largest economies, the US-China trade war is winding down. The US and China are currently holding in-depth discussions to establish a trade deal which should lead to the removal of punitive tariffs. Trump administration officials seem […]