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President Biden signed the Ocean Shipping Reform Act (OSRA) of 2022 on June 16, 2022, after it passed through Congress with bipartisan support.  In a rare moment of agreement, Congress worked together to pass the OSRA, giving more power to the Federal Maritime Commission (FMC) to investigate reports of carrier issues, misapplied fees and refusing...
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Section 232 and 301 Insights
The United States Trade Commission has announced that it will be investigating the economic impact of Section 232 and 301 Tariffs on U.S. industries. In addition, the USTC will be holding a public hearing on the effects of these tariffs July 21, 2022. This is exciting news because this gives our industry opportunities to be...
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Section 301 Tariff Turnaround
The Section 301 tariff exclusions on Chinese manufactured goods have been updated to allow exemptions on 352 of the original 549 exemptions that were initially provided. The reinstated exclusions will be retroactive back to October 12, 2021, and valid through December 31, 2022. The validation comes after a public comment period that looks into whether...
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MSC Temporarily Halts Russian Bookings
On March 1, 2022, the Mediterranean Shipping Company (MSC) introduced a temporary stoppage on all cargo bookings to and from Russia effective immediately. It covers all access areas including the Baltics, Black Sea, and Far East Russia. Humanitarian goods, medical equipment, and food, however, are considered essential goods by MSC and will still be accepted...
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HTS Codes
Updating the HTS codes every 5 years, the World Customs Organization has begun updating it again this year. However, this did not take effect as originally planned on January 1 2022. Throughout 2021, there were signals indicating that the update would take effect on time. The likelihood of which diminished as December passed without the...
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Compounded Fees
There’s more than a bit of chaos in the port of Los Angeles and Long Beach, California with the new bill being passed and taking effect as of November 1st 2021. Starting November 15th, the compounded fees for containers in the ports will start being assessed.  Under the 90-day policy, the Port of Los Angeles...
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Supply and Demand
With the holidays rapidly approaching, the supply chains across the world are being bogged down with cargo to fulfill the demand that’s overloading the system. However, in Southern California at the Los Angeles and Long Beach California, it wasn’t the holidays that had them crunched for time and space. It was the merry month of...
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Tariffs take the lead
Tariffs are back in the news, arriving in a Delorean from 2018. In the sort of news we haven’t seen recently, United States Trade Representative Katherine Tai announced a public comment period to help determine whether to reinstate exclusions on 549 import categories from China. The comment period starts today and runs until December 1,...
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congestion issues still issues
Extensive congestion stress on U.S. ports is the most critical issue facing brokers and forwarders this year and to call the situation difficult is laughably minimizing a terrible problem. According to The Loadstar, last week there were 65 ships at anchor in San Pedro Bay, a current record-breaking number*. Amazingly, the current average transit time...
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