Worldwide Logistics, Inc. announced that they have joined the newly formed forwarder network Mundu. Mundu is based in Stuttgart, Germany and operated by Daniel and Alissa Jacobs. All 17 WWL offices in 7 countries will participate in this network. Joining the Mundu network helps WWL expand its global reach. Mundu is known for its international … Continued
With the continuation of aggressive blank sailing programs and overbooking, particularly on US West Coast bound vessels, upward pressure on rates has continued. Carriers have implemented increases effective July 1, 2020. On average rates to US West Coast and IPI points serviced via the US West Coast were raised by $400/40’ container. Rates to US … Continued
Carriers on the trans-Pacific eastbound lane have successfully imposed a Peak Season Surcharge (PSS) effective June 15. Although trade volumes continue to lag, the carriers’ policies of aggressive capacity management hav resulted in upward pressure on rates. So far this month, rates to the US West Coast have increased by 29.2% while US East Coast … Continued
Increases in blank sailings in response to low volume levels is causing rate hikes and space constraints with many of the big carriers. Earlier this week, The Alliance (Hapag Lloyd, ONE, YML and HMM) along with the 2M Alliance (Maersk Line and MSC) announced that about 75 sailings will be canceled through September in a … Continued
Due to the imminent threat of the Nisarga Cyclone forecast to hit the city of Mumbai, India tomorrow, Continental CFS will operate with a skeletal staff. The cyclone is expected to make landfall sometime this evening or into tomorrow. CFS will be operational from 10:00 hrs to 13:00 hours, only handling import-laden deliveries. Activities like … Continued
The carriers on the trans-Pacific eastbound trade lane have announced a $400/container General Rate Increase (GRI) effective June 1, 2020. This increase had originally been planned at $500. Simultaneously, carriers have filed a second increase of $1000/container effective June 14, 2020. It is important to understand that filed increases don’t always get implemented. Carriers are … Continued
Recently Worldwide Logistics Ltd. (WWL) offices in China have reported an uptick in booking volumes. This increase is evident for both US East Coast and US West Coast bound cargos. Willy Fong, WWL’s managing director in Asia, noted, “a number of our traditional customers who had delayed or cancelled orders are now starting to move … Continued
In India, the nationwide lockdown has been extended until May 17th. Districts have been identified as red, orange or green zones based on the status of the Covid-19 outbreak there. The classification will enable the resumption of some economic activities in areas less affected by the virus and ensure that caution is exercised in these … Continued
Significant decreases in watershed levels means tighter enforcement in overweight cargo. The long-term effects of low water levels in the Panama Canal is forcing some ocean lines to offload overweight containers in order to pass through the Panama Canal. Last year, water depths in the canal reached such low levels not seen in the past … Continued
Recently, U.S. Customs and Border Protection (CBP) has offered postponement of certain duties, taxes, and fees for 90 days for importers who have suffered significant financial hardship as a result of the coronavirus disease (COVID-19) and the government imposed limiting commerce, travel, or group meetings. We have prepared the following information including important links relating … Continued
