Economic/Trade Alert and Information Alert

Economic/Trade Alert and Information Alert

1、Australia Launches Anti-Circumvention Investigation on Chinese Coil Anti-Dumping Case On 9 May 2024, the Australian Anti-Dumping Council (ADC) issued Notice No. 2024/029, stating that it had initiated an anti-circumvention investigation into the anti-dumping case of China’s rod in coil in response to an application filed by InfraBuild (Newcastle) Pty Ltd, an Australian domestic enterprise. The…

Analysis of Current Trends in the U.S. Market

Analysis of Current Trends in the U.S. Market

L.A. Marina: business is good. Towing company: no cargo The trajectory of the American shipping market this year has been somewhat unusual, particularly in recent weeks. The same question can yield vastly different answers from different individuals. Even within the same market, perceptions can vary significantly. Various data sources (LA/LB Port Authority, PIERS, Datamyne) indicate…

Maritime Container Market: Negotiations Impacted by Red Sea Uncertainty

Maritime Container Market: Negotiations Impacted by Red Sea Uncertainty

According to the latest data from the Xeneta Shipping Index (XSI®), maritime container carriers are navigating between risk and reward in new contract negotiations due to ongoing uncertainty in the Red Sea market. Xeneta’s latest data released on May 2nd shows that the global XSI index (the average price of all valid long-term contracts in…

Increase PSS cost,EFFECTIVE IMMEDIATELY!

Increase PSS cost,EFFECTIVE IMMEDIATELY!

International shipping lines add peak season surcharges To continue providing our global services, Maersk Line is implementing Peak Season Surcharge (PSS) for all dry containers from Far East (excluding Vietnam and Chinese Taipei) to South America West Coast, effective from May 1st, 2024. For all dry containers from Vietnam to South America West Coast, effective…

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…

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…