Up 20 percent! Port of Houston Containerized Cargo Jumps in March

Up 20 percent! Port of Houston Containerized Cargo Jumps in March

In March, the Port of Houston processed 360,991 twenty-foot equivalent units (TEUs), marking a 20% year-on-year increase. Officials noted a 4% rise in overall cargo volume through the Houston Ship Channel and the port’s two container facilities, Barbours Cut and Bayport, for the first quarter. “Container throughput for the first quarter was notably strong as…

Container throughput at Europe’s two major ports rebounded in the first quarter

Container throughput at Europe’s two major ports rebounded in the first quarter

According to ShippingWatch, the Port of Rotterdam and the Port of Antwerp-Bruges have both released their operational data for the first quarter of 2024. Despite the ongoing complexities in geopolitics and macroeconomic conditions, both of these major European ports have seen a recovery in container throughput, signaling initial signs of world trade resurgence. The Port…

U.S. Customs Inspection Rates Soar!

U.S. Customs Inspection Rates Soar!

— Strictly check vague and non-compliant cargo description; gifts/ daily necessities / accessories / parts / consolidated cargo focus on inspection This month, the inspection rate of various customs in the United States has sharply increased, with low-value goods becoming the subject of rigorous scrutiny. This trend has also extended to Canada, with customs authorities…

2M Alliance container vessel assaulted!

2M Alliance container vessel assaulted!

  On April 24, local time, Yemeni Houthi spokesman Yahya Sarea announced that its naval forces have successfully carried out a number of attacks in the Gulf of Aden and the Indian Ocean, targeting the United States, Israel and U.S. ships and U.S. destroyers.   According to Sarea’s statement, the Houthis successfully attacked the U.S. container ship…

Shipping rates going crazy! Major companies announced continued increases starting May

Shipping rates going crazy! Major companies announced continued increases starting May

Recently, major shipping companies have announced a new round of tariff adjustment plans. Since May, shipping companies including MSC, Maersk, CMA, COSCO Shipping, Hapag-Lloyd, HMM, etc. will continue to adjust rates involving Europe, Mediterranean and North America. If the major shipping companies in May successfully implement a comprehensive rate surcharge (GRI) price increase program, according…

Update: U.S. Customs inspection and Amazon appointment batch about the situation summary! (Shippers / Forwarders please note)

Update: U.S. Customs inspection and Amazon appointment batch about the situation summary! (Shippers / Forwarders please note)

01 Customs inspection status   Houston: random inspection, for the value of goods, the importer more questions, the inspection time will be delayed about 1 week.  New York: random inspection, for the value of goods, CPS, FDA more problems.  Los Angeles: random inspection, for the value of goods, the importer more problems.  Oakland: random inspection, for the value…

YEAR-ON-YEAR GROWTH OF 3%! Houston Port handled over 1 million TEUs in the first quarter

YEAR-ON-YEAR GROWTH OF 3%! Houston Port handled over 1 million TEUs in the first quarter

Port of Houston,the container volume for March reached 360,991 TEUs, representing a 20% growth compared to March 2023, making it the largest March in the history of the Port of Houston. Increased consumer spending on items such as furniture and household appliances drove a 23% year-on-year increase in import volumes for March, and a 14%…

Port of Portland closes container terminal due to financial issues

Port of Portland closes container terminal due to financial issues

According to multiple US media reports, due to financial difficulties, the Port of Portland has decided to cease its container operations in October. The primary port in Oregon appears to be facing financial challenges, with the Port of Portland stating that it cannot afford to keep the container terminal open until September due to incomplete…

The WTO cautions about potential threats to the anticipated recovery in global trade for 2024

The WTO cautions about potential threats to the anticipated recovery in global trade for 2024

In its latest Global Trade Outlook and Statistics report, WTO forecast an increase in manufactured goods demand as inflationary pressures ease in advanced economies. World trade merchandise is expected to rise by 2.6% in 2024 and 3.3% in 2025, after falling by 1.2% in 2023. The fastest 2024 growth in exports is expected in Africa…