Potential U.S. East Coast Port Strike Prompts Hapag-Lloyd to Introduce New Work Disruption Surcharges
Hapag-Lloyd has announced two new surcharges in response to the potential strike disruptions at East Coast and Gulf Coast U.S. ports. These surcharges, the Work Disruption Surcharge (WDS) and the Destination Port Work Disruption Surcharge (WID), will take effect on January 20, which is the fourth day after the potential strike begins. The timing of […]
Understanding Verified Gross Mass (VGM) in Container Shipping
What is VGM? VGM stands for Verified Gross Mass, which refers to the verified total weight of a container. The International Maritime Organization (IMO) announced the implementation of amendments to the Safety of Life at Sea (SOLAS) Convention regarding the verification of container weights. As of July 1, 2016, containers cannot be loaded onto ships […]
Marine Cargo Insurance
In today’s globalized trade system, marine cargo insurance plays a vital role. It not only concerns the safety of goods but also ensures the smooth operation of trade. Choosing the right insurance is crucial to safeguard goods against various risks during transportation. I. Marine Cargo Insurance: Coverage Scope Marine cargo insurance covers perils of the […]
Amazon Warehouse Halts Receiving Shipments
The issue of Amazon warehouse overload has become an increasingly severe challenge for sellers, especially as the peak season approaches. Inventory management and shipping arrangements face significant pressure during this period. Recently, many Amazon US sellers reported encountering a notification when creating shipments and inputting the estimated delivery date in the system. The message states: […]
Can Freight Forwarders Withhold Bills of Lading or Goods? Is It Legal?
First, let’s understand the importance of the bill of lading. A bill of lading serves as proof of ownership of the goods, and possessing it, to some extent, equates to having control over the goods. Under normal circumstances, the primary responsibility of a freight forwarder is to follow the consignor’s instructions, ensuring the safe and […]
Breaking: Container Port Under Attack!
On the 10th, Reuters reported that Israel launched an attack on the key Syrian port city of Latakia on Monday. Notably, Latakia is home to a critical container port, and the attack caused explosions and fires, with the container terminal being affected. According to reports, Israel targeted an air defense facility near the city of […]
US Imposes 271% Tariff on Vietnamese Solar Products
The US Department of Commerce has announced anti-dumping duties of up to 271% on solar products imported from Vietnam and other Southeast Asian countries, including Cambodia, Malaysia, and Thailand. This decision aims to address alleged unfair trade practices, as these products are accused of being sold in the US market at prices below production costs, […]
Breaking: Massive Fire Erupts at Amazon Warehouse!
A massive fire broke out at a large warehouse in South El Monte, California, around 4:20 a.m. local time on Sunday, the 8th. According to CBS News, the warehouse was an Amazon facility for package returns. When firefighters arrived at the scene just minutes after receiving the fire report, they could see blazing flames lighting […]
U.S. Imposes Preliminary Anti-Dumping Tariffs on Southeast Asian Solar Cells, Reaching 271.28%
On November 29, 2024, the U.S. Department of Commerce announced its preliminary affirmative determination in an anti-dumping investigation into crystalline silicon photovoltaic cells from four Southeast Asian countries: Cambodia, Malaysia, Thailand, and Vietnam. The tariffs range from 0% to a staggering 271.28%. The final results of the investigation are expected to be released in mid-2025. […]
Maersk Tops the List Again in Latest Schedule Reliability Rankings!
Recently, Sea-Intelligence released its latest global schedule reliability rankings for October 2024, highlighting the performance of major shipping companies. According to the data, global schedule reliability improved by 0.9 percentage points in October, reaching 51.5%. Throughout 2024, the average schedule reliability of shipping companies has remained stable in the 50%-55% range. In October 2024, Maersk […]
