Archive: December 2020
December 16, 2020
Market Updates on Asia and Europe
EMO Trans' Corporate Ocean Procurement Team has prepared this update on global congestion and equipment shortages.
READ MORE >December 15, 2020
Tariff Increases Loom as Prospects for GSP Renewal Remain Uncertain
The Generalized System of Preferences, which provides duty-free treatment for imports of thousands of products from more than 100 developing nations, is set to expire Dec. 31. If not renewed before then, subject goods will be subject to U.S. tariffs…
READ MORE >December 15, 2020
ONE Apus Back in Japan After Container Loss
The 14,000 teu ONE Apus, which suffered a massive container stack collapse en route to Long Beach, berthed on December 8 at the Japanese port of Kobe, reports The Loadstar.
READ MORE >December 8, 2020
New Reports Point to U.S. Port Congestion in “Critical” Shape
While global port congestion is not new to the industry, Drewry Maritime Advisors report the current state of gridlock is becoming critical.
READ MORE >December 8, 2020
Companies Seek to Extend Tariff Exclusion Process
Existing exclusions from the additional Section 301 tariffs on imports from China will expire at the end of 2020, and president-elect Joe Biden recently gave his clearest indication yet that those tariffs will remain in place for the time being.…
READ MORE >December 4, 2020
ONE Apus Estimates Container Loss at 1,900
Ocean Network Express said Wednesday the number of lost or damaged containers from a vessel en route to the Port of Long Beach, California, “could exceed 1,900.” According to a “container incident” online information center, the ONE Apus was en…
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