International Shipping: Intimidating, Yet Rewarding for Your Business
The world of transportation and logistics can appear very confusing to those outside the industry or for those attempting to break in to it. It is an industry mired in rules, regulations, terminology and high expectations. This is especially true […]Read more
HANJIN SHIPPING BANKRUPTCY UPDATE
The Hanjin Shipping bankruptcy continues to have worldwide impacts with legal battles over cost and equipment liabilities related to the bankruptcy playing out in the courts. But there is a glimmer of good news on the horizon. Hanjin filed for […]Read more
Shippers Export Declaration: USPPI, is the responsible party the buyer, the seller, or neither?
When reporting exports, every so often the question about who is the USPPI arises. What is the USPPI you asked? The USPPI or the U.S. Principal Party in Interest is the person or legal entity in the United States that […]Read more
Why More Federal Freight Funding is Good News for Ports
When has more funding for anything not been good news? This time its good news for US ports. The Transportation Department awarded $760 million of freight-oriented FASTLANE grants on July 6 that will help fund 18 freight mobility projects in […]Read more
Are U.S East Coast Ports ready for the Panama Canal expansion?
On June 26th the newly widen Panama Canal opened its third lane that will be used to accommodate larger container ships. The Panama Canal Expansion doubled the capacity of the canal. Along with a new lane, the canal has enlarged […]Read more
Safety of Life at Sea (SOLAS) – VGM
Verified Gross Mass (VGM) Requirements The international treaty known as the Safety of Life at Sea (SOLAS) affects all shipment by water effective July 1, 2016. SOLAS requires the filing of a Verified Gross Mass or weight (VGM) as a […]Read more
What is an ATA Carnet?
An ATA Carnet, otherwise known as a merchandise passport, is an international customs document that allows the temporary entry of goods, duty and tax free, and is accepted by over 80 countries and territories. Cargo covered and traveling with an […]Read more
NEW CONTAINER WEIGHT RULES
Steamship lines, logistics providers, exporters and importers are coming together to figure out the best way to implement the new global regulations which will require container weight to be certified before they can be loaded onto a vessel. The regulations […]Read more
COSCO – CHINA SHIPPING MERGER
After much talk, a merger between China Ocean Shipping Co., (COSCO Group) and China Shipping Group Co. are finally in the works. If followed through, the deal could value anywhere from $15 billion to $20 billion or more and create […]Read more
Fewer Vessels on the Asia to Europe Route
Lower growth in China and a poor Eurozone economy has caused many major shipping lines to slash the number of sailings on the world’s busiest route between Asia and Europe. The peak season for container shipping is normally late summer […]Read more