Overall This week, the Drewry composite index experienced a 5% decrease, yet it has registered a 88% increase compared to the same period last year. The World Container Index (WCI) is now 146% higher than…
Overall January witnessed a significant increase in worldwide air cargo demand, contrasting with the consistent demand for US container imports aligned with pre-COVID peak season patterns. The shift of Asia-Europe cargo from sea to air,…
As the Lunar New Year approaches, ocean carriers on the Asia-US trade lane are aggressively pushing for General Rate Increases (GRIs), aiming to capitalize on the seasonal demand surge and an already tight market environment…
The Red Sea, a crucial artery for global trade, has recently become a hotspot for geopolitical tensions that have far-reaching implications for the world’s supply chains. The conflict involves attacks by the Houthi rebels in…
The Office of the United States Trade Representative (USTR) has announced an extension for the previously reinstated Section 301 tariff exclusions on imports from China. This decision impacts 352 specific product categories, alongside 77 COVID-19-related…
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…
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…
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…
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,…