As we approach the peak season, ocean freight rates are experiencing a significant surge, creating challenges for businesses dependent on international shipping. Several factors contribute to this rise, including increased port congestion, tight vessel capacity,…
The U.S. Trade Representative (USTR) recently published a notice in the Federal Register granting the extension of the existing China Section 301 Exclusions including the 352 previously reinstated exclusions and the 77 COVID-related exclusions. These exclusions have been extended to…
Overview of Recent Developments The Biden Administration has initiated significant modifications to the Section 301 tariffs on Chinese imports, reflecting a strategic recalibration of trade policies. These changes come after an extensive review and public…
Overall This week, the Drewry composite index experienced a 4% increase, yet it has registered a 151% increase compared to the same period last year. The World Container Index (WCI) is now 198% higher than…
Overall This week, the Drewry composite index experienced a 1% increase, yet it has registered a 55% increase compared to the same period last year. The World Container Index (WCI) is now 92% higher than…
Introduction to Section 301 – What is it? Section 301 of the Trade Act of 1974 is a pivotal part of U.S. trade law that empowers the United States to enforce international trade agreements and…
As we commemorate the 120th anniversary of the beginning of construction of the Panama Canal, we celebrate not only a marvel of engineering but also a pivotal conduit that has reshaped global trade and international…
Overall This week, the Drewry composite index experienced a 3% decrease, yet it has registered a 71% increase compared to the same period last year. The World Container Index (WCI) is now 106% higher than…
The collapse of the Francis Scott Key Bridge in Baltimore marked a significant incident, impacting not just local but national and global logistics networks. The bridge’s collapse began with the containership, Dali, losing power and…