Business
Shoreside Logistics has announced its designation as a Foreign Trade Zone (FTZ).
An FTZ is a secured site considered outside U.S. Customs territory where foreign cargo can be stored while delaying, reducing or eliminating import duties. By using Shoreside as their FTZ, businesses only pay duties once the cargo leaves the foreign trade zone, in the case of imported raw materials, once the final product enters U.S. commerce. The goal ...
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A new tool has been put in place to provide customers with another method to communicate with GPA's customer service team. One can access it anytime between 8a.m.-noon and 1-5 p.m.
"The live chat feature has given our dedicated client relations professionals an opportunity to communicate ...
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Foreign Trade Zone No. 62 at the Port of Brownsville reported a record-setting $8.9 billion in the combined value of exports and imports for 2019.
The total value of export shipments through FTZ No. 62 reached $4.3 billion in 2019, an increase from $3.8 billion ...
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A sprawling vessel service begins the week of May 4 with 18 megaships linking the Port of Oakland to Asia, including Saudi Arabia. A highlight of the new service: the first-ever direct link between Oakland and the Middle East.
The Port said today that Japan’s ...
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While economies around the world pause in the face of the coronavirus (COVID-19) pandemic, farmers haven’t stopped. Spring is planting season for soybean and corn crops in America’s heartland, and these seeds are a top commodity shipped aboard flights from Argentina to the United States.
Although ...
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The practice of cancelling sailings on an industrial scale has been, since February, the strategy put in place by the carriers to address the huge volume drop across major container trades globally, since the outbreak of Covid-19.
The cancelled sailing tracker, part of the Drewry ...
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Evergreen Shipping launched a new weekly container service to and from the Caribbean and the Port of New Orleans (Port NOLA) on April 29, 2020, with the Evergreen Arkadia calling at the port’s Napoleon Avenue Container Terminal.
Port NOLA President and CEO Brandy D. Christian said ...
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WASHINGTON – U.S. Sen. Roger Wicker, R-Miss., chairman of the Senate Committee on Commerce, Science, and Transportation, today released the following statement after the Federal Maritime Commission (FMC) issued new guidance about how it will assess the reasonableness of detention and demurrage regulations and practices ...
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The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia decreased by 3.1% to $1,446.22 per 40ft container this week (updated Thursday, 30 April 2020).
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The U.S.
Department of Transportation’s Maritime Administration (MARAD) has awarded
$19.6 million in discretionary grants to 24 U.S. small shipyards through the
Small Shipyard Grant Program. The funding will help modernize America’s small
shipyards, making them more efficient in constructing commercial vessels.
“This $19.6
million federal government investment in the nation’s ...
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