Port of Charleston sets TEU records in 2017 – DC Velocity

Transportation January 18, 2018 Savannah tapped as entry port for Chilean blueberries. By DC Velocity Staff The South Carolina Ports Authority (SCPA), which owns and operates the Port of Charleston and inland ports in Greer, Georgetown, and Dillon, S.C., said yesterday that the port set an all-time record in 2017 by handling 2.2 million twenty-foot […]

Continue Reading

Maersk and IBM roll out blockchain-based joint venture with a global trade focus

With a focus on providing more efficient and secure methods for conducting global trade through the usage of blockchain technology, ocean cargo giant A.P. Moller-Maersk and technology powerhouse IBM announced plans this week for a joint venture (JV). IBM and Maersk said that the objective of this JV is to provide a jointly developed global […]

Continue Reading

Commerce finalizes duties on polyester fiber imports from China, India

   The U.S. Commerce Department has finalized countervailing duty rates that it will assess on imports of fine denier polyester staple fiber from China and India.    The department’s investigations found that exporters from China and India received countervailable subsidies of 41.73 to 47.55 percent and 9.5 to 25.28 percent, respectively. These subsidies are given […]

Continue Reading

Commerce finds subsidized steel flange imports from China, India

   The U.S. Commerce Department has preliminarily determined that certain U.S. imports of steel flanges receive unfair countervailable subsidies from the Chinese and Indian governments.    According to the department, steel flange exporters in China receive government subsidies of 174.73 percent, while in India these exporters receive government subsidies ranging from 5 percent to 239.61 […]

Continue Reading

House passes miscellaneous tariff bill

   The U.S. House of Representatives passed legislation on Tuesday that promises to eliminate $1.1 billion in import tariffs during the next three years and increase U.S. manufacturing output by more than $3.1 billion.    The Miscellaneous Tariff Bill Act (H.R. 4318), once enacted, will effectively eliminate on a temporary basis tariffs on imports of […]

Continue Reading

Senators urge DHS secretary to focus on opioid import interdiction

   Sens. Amy Klobuchar, D-Minn., and Sheldon Whitehouse, D-R.I., urged Homeland Security Secretary Kirstjen Nielsen on Tuesday to support a bill that would make the U.S. postmaster-general the consignee for goods, excluding documents, mailed into the United States.    During a Senate Judiciary Committee oversight hearing for the Department of Homeland Security, Nielsen told Klobuchar […]

Continue Reading

Maersk, IBM to create JV to develop blockchain-based supply chain platform

LBR Staff Writer Published 17 January 2018 A.P. Moller – Maersk has collaborated with IBM to create a joint venture (JV) for applying blockchain technology to advance global trade and digitize supply chains. Based in New York metropolitan area, the new JV will develop a global trade digitization platform based on open standards, which can […]

Continue Reading

Executive Moves: COSCO SHIPPING International, Hamburg Süd, JAXPORT, Logistyx Technologies and Flexport

Source: Pressmaster/Shutterstock COSCO SHIPPING International announces several appointments; Hamburg Süd names global head of corporate communications; JAXPORT hires director, national container accounts; Logistyx Technologies names CEO; and Flexport appoints VP of people operations.    COSCO SHIPPING International (Hong Kong) Co., Ltd., the investment arm of COSCO SHIPPING (Hong Kong) Co., Ltd., has appointed Wang Yuhang […]

Continue Reading

Maersk and IBM to form global blockchain joint venture  – Canadian Shipper

Copenhagen, Denmark and Armonk, NY — A.P. Moller–Maersk and IBM announced their intent to establish a joint venture to provide more efficient and secure methods for conducting global trade using blockchain technology. The aim of the new company will be to offer a jointly developed global trade digitization platform built on open standards and designed […]

Continue Reading

Maersk, IBM to get underway on blockchain joint venture

   Danish shipping giant A.P. Moller-Maersk and IBM have announced a blockchain joint venture for secure trade in the shipping sector.    The venture will offer a jointly developed global trade digitization platform built on open standards and designed for shippers. “It will address the need to provide more transparency and simplicity in the movement […]

Continue Reading

Commentary: CBP’s expanded influence on exports

   U.S. Customs and Border Protection (CBP) has traditionally been an import focused agency.    Established under the Department of Treasury in 1789, the U.S. Customs Service was a revenue collection agency for import duties. It was only after 9/11 and the creation and subsequent rehoming and renaming of the agency under the newly created […]

Continue Reading

2018 Rate Outlook: Economic Expansion, Pushing

The best global growth rate in seven years—3.2% in 2017—is based on firm foundations, contend leading economists. They add that, barring a significant shock, this current expansion has plenty of “staying power” and should continue to push rates up and keep capacity constrained around the globe. According to Nariman Behravesh, chief economist at IHS Markit, […]

Continue Reading

GAO report details CBP failures to verify licenses for radiological imports

   U.S. Customs and Border Protection (CBP) airport officials have not verified licenses for some radiological imports and its processes do not ensure all of those shipments are identified, according to a Government Accountability Office (GAO) report released Wednesday.    CBP is responsible for verifying radiological imports are authorized or licensed, such as through the […]

Continue Reading

Moore on Pricing: Freight settlement and your TMS

Despite decades of improvement in our transportation management systems (TMS), we still have not yet fully realized the value of these systems unless we’ve grasped the concept of “settlement” and not just “freight payment.” By “settlement” I’m referring to the exchange of delivery information, tracking data and claims data in addition to the payment of […]

Continue Reading

Pacific Rim Shipping Report: A zero-emission future

The U.S. West Coast was rife with controversy in 2017, particularly over the threats posed by environmental advocates and community activists targeting the nation’s largest ocean cargo gateway with legal challenges to its massive transportation network. Amid the rancor, however, cooler heads prevailed as the governing boards of the ports of Los Angeles and Long […]

Continue Reading