Archives

January 18, 2024


ICS2 Release 3 Goes Live on June 3, 2024

The third release of the European Union’s customs pre-arrival safety and security system – Import Control System 2 (ICS2) – goes live on June 3, 2024. The EU has prepared fact sheets to assist importers with compliance.

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January 17, 2024


Red Sea Conflict Forces More Detours Around Africa

Energy shipper Shell halted all Red Sea transits on Tuesday, as did the big three Japanese tanker and bulker owners: MOL, NYK and K-Line. Container-ship diversions around the Cape of Good Hope now appear likely to last for months (source:…

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January 12, 2024


US Warns Ships to Stay Out of Parts of Red Sea

The U.S. Navy has warned American-flagged vessels to steer clear of areas around Yemen in the Red Sea and the Gulf of Aden for the next 72 hours after the U.S. and Britain launched multiple airstrikes targeting Houthi rebels. The…

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January 12, 2024


US West Coast Ports Demonstrate Resiliency

US West Coast ports are back to normal after pandemic gridlock and drawn-out labor negotiations spurred fears that market share would be lost to the East and Gulf coasts for good, Port of Long Beach CEO Mario Cordero said (source:…

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January 8, 2024


Three-Month Airfreight Rate Surge Comes to an End

The peak season surge in air freight rates of the past three months appears to have come to an end according to the latest data from TAC Index, the price reporting agency (PRA) for air freight markets (source: STAT Times).

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January 8, 2024


Transportation Capacity Up in December

Transportation metrics slid again in December with capacity increasing at a faster pace and prices declining at a higher rate, according to a monthly survey of supply chain executives. However, there was some optimism that the cycle may turn in…

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December 12, 2023


Houston and Antwerp-Bruges Enter Energy Transition Accord

U.S. and Belgian cargo hubs Port Houston and the Port of Antwerp-Bruges, together with four other partners, have signed a landmark agreement to form a strategic alliance aimed at accelerating the transatlantic green transition (source: Offshore Energy).

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