Overall Demand, especially in US container imports has been consistent in line with pre-COVID peak season patterns. With increased security threats in the Red Sea, importers may experience delays due to vessels being rerouted. The Panama Canal is still a point of concern with significantly reduced transits of larger container ships. With both of these…
If you are an importer of products including non-composite wood, wicker or rattan furniture, cork products, or certain essential oils, you will want to start preparing for additional import documentation and reporting requirements coming in early 2024. The Animal and Plant Health Inspection Service (APHIS) will be implementing Phase VII of The Lacey Act. This…
Understanding the Latest Section 301 Tariff Exclusions Extension The Biden administration has extended hundreds of Section 301 tariff exclusions on numerous goods imported from China until May 31. This move, affecting more than 300 various products as well as 77 medical care items essential to the ongoing COVID-19 pandemic, reflects the administration’s ongoing efforts to…
Dear Friends, As we bid farewell to 2023, I think it’s important to pause and reflect on the past year and consider how we might prepare for the future. 2023, with its ups and downs, passed with much less volatility compared to previous years. As things largely returned to “normal,” we saw ocean carriers more…
The shipping industry has found itself navigating through significantly rougher waters, particularly in the Red Sea region. The Red Sea, a critical maritime route for global trade, especially between Europe and Asia, has been a scene of escalating security threats. Iranian-backed Houthi militants in Yemen have intensified attacks on vessels in the region, specifically targeting,…