Overall Demand, especially in US container imports has been consistent in line with pre-COVID peak season patterns. The consensus among ocean carriers and ports is that volumes will increase as holiday goods are shipped. This is expected to provide some support to spot rates through early fall. As of November 2, Drewry’s World Container Index…
In a significant development, the European Union and the United Kingdom have announced new sanctions that will reshape the iron and steel import industry. Starting on September 30, 2023, these sanctions will specifically target iron and steel products processed in third countries that incorporate Russian-origin materials. This move is designed to close loopholes that previously…
In a significant turnaround, West Coast ports are experiencing a resurgence in container volumes, signaling a robust period for the freight forwarding and logistics industry. The Port of Los Angeles and the Port of Long Beach, two of America’s largest Pacific gateways, have reported substantial increases in cargo throughput, indicating a shift in the transpacific…
Importers of aluminum extrusions could be subject to increased costs due to a new antidumping (AD) and countervailing duty (CVD) investigation. In response to a petition from U.S. domestic producers, the Department of Commerce, International Trade Administration (ITA), initiated an AD/CVD investigation of aluminum extrusions from 15 countries including China, Colombia, Dominican Republic, Ecuador, India,…
The global logistics industry stands on the precipice of a revolution, one not seen since the inception of the shipping container. Drones, once the playthings of hobbyists and the tools of the military are now poised to redefine the very fabric of delivery services. With recent expansions by Amazon in the UK and Italy, and…