Entry Type 86 (hereinafter referred to as “T86”) is an electronic customs clearance mode established under Section 321 of the U.S. Code, known as the “de minimis exemption.” It exempts all packages with a total daily import value of ≤ $800 per person from customs duties. This policy also applies to business importers. Since 2020,…
The U.S. Federal Maritime Commission (FMC) has issued a new regulation aimed at protecting shippers during negotiations with shipping companies. This regulation, set to be implemented on September 23, includes the following key points: The FMC has issued a final rule defining what constitutes an “unreasonable refusal to deal or negotiate with respect to vessel…
Significantly impacted by the increase in shipping capacity, the latest Shanghai Containerized Freight Index (SCFI) released on the 19th dropped by 3.6%, falling to 3542.44 points. This marks the second consecutive week of decline, with the rate of decrease expanding. All four major long-haul routes to Europe and the United States experienced declines of over…
Air transportation, as an important mode of international transport, has rules and restrictions that are often more complex and stringent than those of traditional transport methods. Air transport restrictions cover a wide range of items, from flammable and explosive hazardous materials to contraband, and include sensitive goods and specific restricted items under certain conditions. Each…
On the afternoon of the 21st Eastern Time, U.S. President Biden announced his withdrawal from the 2024 presidential race and expressed his support for nominating Vice President Harris as the Democratic presidential candidate. As Western leaders grapple with the wars in Ukraine and Gaza, a more assertive China in Asia, and the rise of the…
According to the latest data from Alphaliner, MSC (Mediterranean Shipping Company) now holds over 20% of the global container shipping market capacity, setting a new record in the liner shipping industry. The company is just one “large vessel delivery” away from reaching the 6 million TEU milestone. As of July 3, MSC operates a fleet…
Many customers receive feedback from freight forwarders about the current status of their goods: “the train is waiting for transshipment at the border port.” So, what does “transshipment” refer to? Why is it necessary? This issue stems from the differences in “rail gauge” between different countries. In 1937, the International Railway Association designated a gauge…
On July 11, the official website of CMA CGM announced that one of its container ships, named CMA CGM BENJAMIN FRANKLIN, experienced a container overboard incident due to severe weather. Forty-four containers were lost overboard, and an additional thirty containers were damaged. It is worth noting that this route is frequently used for cross-border e-commerce…
In 2023, the impact of the COVID-19 pandemic on the shipping industry has diminished, but the complex international political landscape and piracy activities continue to disrupt the operational ecosystem of the maritime sector. Recently, the International Maritime Organization (IMO) released its 2023 annual maritime security report. According to information from the piracy and armed robbery…
There has been a notable development in international sea freight rates. The rates for the European routes have seen a correction, ending the previous nine-week upward trend. The market is now focused on whether the European route rates have peaked. Meanwhile, freight rates for the Persian Gulf, West Africa, and South Africa routes have experienced…
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