Operations halted at DP World Australia
The ongoing wage dispute between the Maritime Union of Australia (MUA) and DP World has escalated this week, with the…
FMC to hold hearing on Red Sea disruption
The Federal Maritime Commission (FMC) has scheduled a public hearing on February 7, 2024, to assess the impact of conditions…
US Congress averts government shutdown
The U.S. Congress has approved a temporary spending bill to prevent a partial government shutdown, ensuring funding for federal agencies…
2024 Lunar New Year Market Perspective
Leading into the Lunar New Year As the “Year of the Dragon” commences on February 10, 2024, mainland China experiences…
Panama Canal to increase daily transits
Starting January 16, 2024, the Panama Canal will increase its daily transits from the current 22 to 24. These adjustments…
FAA allocates $66.2M for 66 airport projects
The U.S. Department of Transportation’s Federal Aviation Administration (FAA) is allocating $66.2 million, as part of President Biden’s Bipartisan Infrastructure…
Red Sea delays prompt cargo owners to explore airfreight
Due to escalating tensions over the Red Sea and the added impact of drought affecting the Panama Canal, air cargo…
CBP rolls out AD/CVD cargo messaging
On January 16, 2024, the U.S. Customs and Border Protection (CBP) will implement nationwide cargo messaging to address potential noncompliance…
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EU and U.S. suspend steel tariffs
The European Union and the U.S. have mutually decided to extend the suspension of additional tariffs on two-way trade until…
Red Sea: Increasing Diversions and Costs
Recent reports indicate that half of the containership fleet transiting the Red Sea and Suez Canal is now opting for…
US extends exclusions from Section 301 tariffs
The Office of the U.S. Trade Representative has extended the validity of 77 COVID-19-related tariff exclusions and the restoration of…