GLOBAL MARKET INSIGHTS

Keeping you updated on the latest industry news.

China Section 301 Tariff Exclusions Extended Through May

Importers of hundreds of goods from China won’t face higher tariffs for several more months after the Office of the U.S. Trade Representative (USTR) extended ... Read More

How the Grinch is Attempting to Steal Christmas, Hundreds of Goods Likely to Be Impacted When Section 301 Tariffs Expire

The Grinch is up to his nasty tricks again, getting ready to steal Christmas from the Whos down in Whoville who have enjoyed tariff-free imports ... Read More

Feds Suspend Rail Operations in Texas Amid Migrant Surge

U.S. Customs and Border Protection (CBP) has temporarily suspended all rail operations in Eagle Pass and El Paso, Texas after observing a surge in the ... Read More

Panama Canal to Increase Daily Transits in January

After receiving better-than-expected rainfall in November, the Panama Canal Authority (ACP) has announced it will increase the number of daily vessel transits from 22 to ... Read More

Carriers Suspend Operations in the Red Sea to Avoid Attacks

Major carriers have announced the suspension of all Red Sea operations following targeted attacks on commercial vessels, including an attack on the MSC Platinum III ... Read More

Have You Renewed Your Medical Device Registration? If Not, Act Now to Avoid Disruption!

The Food and Drug Administration is now accepting registration renewals for medical device facilities. According to the FDA, ALL establishments that are involved in the ... Read More

Shippers Look for Alternatives as Panama Canal Delays Grow, Costs Mount

The number of vessels waiting to transit the Panama Canal has reached 161, more than double the number typically seen during the rainy season, and ... Read More

Flooding, Landsides Wreak Havoc Across Bangladesh; Shipping Heavily Disrupted

Severe flooding and landslides have been reported across Bangladesh after the country recorded its highest rainfall in over 30 years.  The torrential rains, which began ... Read More

Customer Advisory – July 27, 2023

Subject:  Peak Season Surcharge Effective Date:  August 2023 Dear Valued OCEANAIR Customer, We have received notification from several carriers announcing Peak Season Surcharges (PSS) on ... Read More