China has become an even bigger US import source post-COVID
Cargo from China is accounting for an even greater share of inbound container volumes than before the coronavirus crisis, according to new customs data.
Read more at – Freightwavves.
Switch to electronic bills of lading could save shipping billions every year
The container shipping industry could save itself up to $4bn a year if half of all bills of lading (B/Ls) were dealt with digitally, according to the Digital Container Shipping Association (DCSA).
Read more at – Loadstar.
SECTION 301 TARIFFS: Section 301 Tariffs: List 4A Granted Exclusions Update
EXCLUSIONS GRANTED: On June 9, 2020, the USTR announced additional exclusion requests granted to products on List 4A. CBP will issue instructions on entry guidance and implementation through its Cargo Systems Messaging Service.
Read more at – Freightgate.
JOC Uncharted: Episode 3
The third episode of JOC Uncharted features a one-on-one conversation with Ocean Network Express CEO Jeremy Nixon, providing his perspective on the current global shipping landscape.
Listen to the podcast here at – Journal Of Commerce.
The way out of the maze that is the world’s demurrage and detention charges
Shipper fury at demurrage and detention (D&D) charges levied by carriers serving US ports suddenly became a lot more understandable today.
Read more at – Loadstar.
JOC Uncharted: IHS Markit research chief predicts sluggish US import recovery
It is unlikely that consumers will lead a resurgence in imports later this year as they continue to contend with the economic impact of the coronavirus disease 2019 (COVID-19), warned Rahul Kapoor, the global head of commodity analytics and research at IHS Markit.
Read more at – Journal Of Commerce.