GLOBAL MARKET INSIGHTS
Keeping you updated on the latest industry news.
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
Drought-Stricken Panama Canal Limits Daily Vessel Crossings
The Panama Canal Authority (ACP) has been forced to limit the number of vessels transiting the canal to conserve water as the region grapples with ... Read More