Two typhoons in early September coupled with increased demand have caused container shortages and vessel delays of up to four days at main China load ports of Qingdao, Shanghai and Ningbo. Recently the Chinese government has been engaged in military exercises along the coast which place restrictions on commercial vessels causing further delays of up … Continued
Containers at Southern California warehouses have been piling up due to high volumes and the nearly doubling of the amount of street dwell time, disrupting the delivery of merchandise in the US market. The container accumulation at the ports is largely due to the import surge since the economic recovery from the COVID-19 lockdowns began … Continued
Space and equipment shortages persist in the trade between India and North America. Import volumes into India, in particular volumes from China, are down due to restrictions on trade imposed by the India Government. This has resulted in a shortage of empty equipment in India. The shortage is most critical at Inland Container Depots (ICD) … Continued
A recently filed lawsuit could result in refunds of all Section 301 tariffs levied to date on List 3 and List 4A goods from China, regardless of whether or not a timely protest was filed. However, importers must file their own independent claims to preserve their potential refunds by Friday, September 18. For more than two years the U.S. … Continued
Last Friday we provided an alert regarding the September 15 scheduled GRI in the Trans-Pacific trade. With more clarity we can provide additional information today. Based on an administrative directive by the Chinese Government, COSCO announced a postponement of their scheduled GRI. This postponement has been extended beyond China origin to all Far East origins. … Continued
China Ocean Shipping Corporation (COSCO) has postponed their scheduled Trans-Pacific rate increase for September 15 under pressure from the Chinese Government. It is expected that OOCL will follow suit on this postponement. While the Chinese government can only issue this administrative direction to COSCO and OOCL, it is expected that other members of the consortium … Continued
Container shortages in Asia, especially China and India, are worsening as dwell time in the US and Europe increase and carriers struggle to return enough empty containers. The global supply chain is at risk at falling behind at a critical time, just before the upcoming peak shipping season. A spike in orders in July and … Continued
Exclusions to the additional 7.5% tariff on goods from China under China Section 301 (List 4A) expired on September 1. All goods previously listed will now be subject to an additional 7.5% tariff except those granted extension by the United States Trade Representative (USTR). Exclusions are being extended for less than 100 products (see list … Continued
Ocean carriers in the Trans-Pacific trade have announced rate increases effective Sept 1, 2020. Rates to USWC ports will be increased by between $400-$450/container. IPI rate increases will also average between $400-$450/container while rates to USEC ports will be increased on average between $500-$700/container. Vessel space on the Trans-Pacific continues to be extremely tight despite … Continued
Worldwide Logistics Group is pleased to announce the opening of their subsidiary in Germany. WWL Germany GmbH represents the company’s first office in Continental Europe. Worldwide Logistics Group now operates from 15 locations in eight countries. Tom Peacock, Worldwide Logistics’ Director of Supply Chain Solutions and a key figure in the expansion into Germany, said, … Continued
