Carrier Profits, Market Chaos, and Dysfunction
Issue Date: July 14, 2021 Quote of the Issue: “There was never a night or a problem that could defeat sunrise or hope.” – Bernard Williams Record Carrier Profits Amid Market Chaos and Dysfunction ShapLight Focus: Ocean carrier profits have already exceeded all of 2020 and are projected to eclipse $100B by the end of 2021, […]
Continue Reading »US and EU Reach Deal on Boeing – Airbus Dispute
Today, the US and EU announced that they have reached a deal related to the Boeing – Airbus dispute. This marks the end of the longest running quarrel in the history of the World Trade Organization (WTO). According to the official White House Press release, the US and EU will suspend tariffs for five years and work together […]
Continue Reading »UPDATE – COVID Outbreak at Port of Yantian – May 27, 2021
Congestion has been one ramification of the COVID outbreak we reported on yesterday. In an effort to improve the traffic situation in the surrounding areas of the port of Yantian, Yantian International Container Terminals (YICT) has decided the following: Between 12 AM (midnight) on May 28th and 11:59 PM on May 30th, export-loaded containers will […]
Continue Reading »The Worst Suez Market Allocation ‘Ever Given’
Issue Date: April 22, 2021 Quote of the Issue: “Fear is, I believe, a most effective tool in destroying the soul of an individual—and the soul of a people.” – Anwar Sadat Suez Pushes Market to Worst Allocation ‘Ever Given’ ShapLight Focus: In March 2021, there were 3.02 million TEUs of ocean imports; this is 50.5% […]
Continue Reading »CIT Strikes Down Section 232 Tariffs on Steel and Aluminum ‘Derivatives’
On Monday, the Court of International Trade (CIT) announced that it found that Donald Trump had violated his presidential authority when he expanded Section 232 tariffs on steel and aluminum derivative products back in January 2020. The decision was announced following months of litigation resulting from a lawsuit filed by PrimeSource Building Products – a […]
Continue Reading »The Vessel Blocking the Suez Canal has been Dislodged
We learned this morning that the grounded EVER GIVEN has been dislodged in the Suez Canal—and that it will be towed, during high tide, to Great Bitter Lake for inspection. It is expected that transits will resume later this evening and that the backlog will be addressed within the week. We will certainly keep you apprised […]
Continue Reading »US Importers Sink $5.19B into Freight Services
Issue Date: March 23, 2021 Quote of the Issue: “Gratitude, like faith, is a muscle. The more you use it, the stronger it grows.” – Alan Cohen. Paying More for Less Reliability with Freight Services ShapLight Focus: US importers paid $5.19B in freight services during February 2021, up from $1.95B in February 2020 2021 YTD carrier […]
Continue Reading »USTR Extends Tariff Exclusions for Certain COVID-19 Products through September
The Office of the U.S. Trade Representative (USTR) announced that it will extend certain Section 301 tariff exclusions on products used to treat COVID-19; these exclusions were previously set to expire on March 31, 2021. The extended exclusions will apply to all products meeting the specified criteria until September 30, 2021. Click here to read […]
Continue Reading »US and UK Announce Temporary Suspension of Tariffs on Large Civilian Aircrafts – UPDATE!
On March 4th, 2021, the office of the U.S. Trade Representative (USTR) and United Kingdom (UK) announced a four-month suspension of additional duties on large civilian aircrafts in an effort to resolve one of the longest running World Trade Organization (WTO) disputes. According to the USTR press release, the UK had already stopped applying retaliatory […]
Continue Reading »Port and Rail Congestion Get Carriers Off Track
Issue Date: January 15, 2021 Quote of the Issue: “You can’t calm the storm, so stop trying. What you can do is calm yourself. The storm will pass.” – Timber Hawkeye US Domestic: Port and Rail Congestion Crippling Service Levels ShapLight Focus: Dray carriers are requiring bookings at least 12 days in advance for Savannah, Norfolk, […]
Continue Reading »USTR Suspends Tariffs on Certain French Goods Scheduled to Begin January 6th
Yesterday, the office of the U.S. Trade Representative (USTR) announced the suspension of additional 25% duties on certain French goods that were originally scheduled to begin on January 6, 2021. According to officials, the decision was made “given that these [Digital Services Tax] investigations are ongoing and have not yet reached any determinations on what, […]
Continue Reading »USTR Announces Additional Section 301 Tariffs on Certain EU Products
On December 30th, in the latest escalation of the on-going dispute over aircraft subsidies, the office of the U.S. Trade Representative (USTR) announced that it will impose additional Section 301 tariffs on goods imported from the European Union (EU). An additional 15% tariff will be assessed on aircraft parts, as well as 25% tariffs on […]
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