GLOBAL MARKET INSIGHTS

Keeping you updated on the latest industry news and events.

  On Friday, the Department of Homeland Security (DHS) published the long awaited Strategy to Prevent the Importation of Goods Mined, Produced, or Manufactured with Forced Labor in the People’s Republic of China, (aka, the UFLPA Strategy).  This strategy provides the framework for full implementation of the Uyghur Forced Labor Prevention [...]
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The Uyghur Forced Labor Prevention Act (UFLPA) goes into effect on June 21, 2002. The UFLPA was signed into law by President Biden on December 23, 2021.  It establishes a rebuttable presumption that the importation of any goods, wares, articles, and merchandise mined, produced, or manufactured wholly or in part [...]
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Dear Valued Client, As you know, shippers have been allotting more cargoes to the U.S. East and Gulf Coasts in an effort to avoid supply chain disruptions on the West Coast and to diversify their risk ahead of the upcoming labor negotiations, scheduled to begin on May 12. While we [...]
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Severe congestion is on the rise again at major gateways along the West Coast, and fears are mounting that terminals will soon run out of room to accommodate incoming cargos. In the San Pedro Bay, container dwell times have increased from 3.5 days in January to 7.4 days at the [...]
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