As the peak shipping season approaches, major shipping lines have announced a series of rate increases and surcharges effective December 2024, impacting trade across Asia, Europe, Oceania, and North America. Here’s a detailed breakdown of the latest updates: Maersk’s Rate Increases and Seasonal Surcharges Hapag-Lloyd’s FAK Rate Increase Hapag-Lloyd has announced an increase in Freight…
Canada’s ports play a pivotal role in global trade, acting as essential gateways for goods moving between North America and international markets. However, recent labor disputes at both western and eastern ports have led to strikes, creating significant disruptions in cargo transportation and supply chains. The Current Situation Labor unions representing dockworkers at major ports,…
As former President Donald Trump signals his intention to “come back” in the political arena, international freight forwarders, shippers, and supply chain stakeholders are closely monitoring the potential impact on the U.S.-bound shipping market. Trump’s approach to trade and tariffs, which marked his previous administration, raises questions about a possible rush to ship goods before…
Currently, the export of chemical products, hazardous materials, liquids, powders, lithium batteries, cosmetics, and health products requires an Air-Sea Transport Inspection Report. This report, known as the certification for transport of goods, is essential for ensuring safety during air, maritime, road, and rail transportation. It is crucial to understand the transportation hazards associated with the…
According to data from the U.S. Customs and Border Protection (CBP) on counterfeit product seizures, the following categories are among the most frequently inspected goods in U.S. maritime shipping: These product categories are heavily targeted for counterfeit production due to high profitability, strong demand, and safety concerns, leading to higher inspection rates by U.S. Customs.
The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) will meet in November to finalize an agreement for the ongoing labor dispute at U.S. ports. In a joint press release, the ILA and USMX announced that both parties involved in the U.S. East Coast port labor dispute will return to the negotiating…
In international trade, the correct use of product classification coding systems is crucial for ensuring smooth customs clearance and statistical accuracy. Among them, the Harmonized System (HS) Code and the Harmonized Tariff Schedule (HTS) Code are two common and important coding systems, but they are often confused. What is the Harmonized System (HS) Code? The…
Compliance Reminder: The requirements for “draining” fuel differ across various regulations: The core of it lies in whether there is any liquid (fuel), the size of the engine, and whether there’s a battery. When accepting such goods, you should need to know and ask a few questions, and make an initial judgment before proceeding to…
“NOT RESTRICTED” goods are those that, during air transportation, are assessed as not belonging to dangerous goods. This means that these goods do not need to comply with the specific requirements for dangerous goods outlined in the International Air Transport Association Dangerous Goods Regulations (IATA DGR) during transportation. However, they must still meet basic safety…
Several shipping companies have recently announced a new round of rate adjustments for November. CMA CGM, HMM, ZIM, Maersk, Hapag-Lloyd, and others have successively adjusted rates on certain routes, including those to Europe, the Mediterranean, the Indian Subcontinent, and Africa. CMA CGM Adjusts FAK Rates from Asia to the Mediterranean and North Africa CMA CGM…
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