Archive for Industry News

 <News Source: JOC.com> Amid a renewed focus from the Trump administration to pass an infrastructure bill, there are encouraging signs elsewhere that Congress will increase spending on the nation’s freight network. Congress tripled the amount going to a popular grant…

  Aluminum Commodity Classification unwrought aluminum 7601 aluminum bars, rods, and profiles 7604 aluminum wire 7605 aluminum plate, sheet, strip, and foil (flat rolled products) 7606 and 7607 aluminum tubes and pipes and tube and pipe fitting 7608 and 7609…

News Source: American Shipper Japan’s “Big 3” ocean carriers are scheduled to set sail as a single joint venture shipping company in April, dubbed the Ocean Network Express. The container shipping landscape, which has seen its share of changes in…

Solar panels, 4 years of quota limit, started from 2/7/2018: Annual quota sets: an annual aggregate quantity of 2.5 gigawatts,  Additional duty applied after quota is met: In addition to those applicable under subheading 8541.40.60: If entered during the period…

The new loop will link South China and Japan with Southeast Asia, utilizing four vessels averaging 4,754 TEUs. News Source: American Shipper Yang Ming, OOCL and ONE in April will launch a new joint intra-Asia service connecting South China and…

Source:  www.joc.com The bankruptcy and apparent unraveling of Hanjin Shipping on Wednesday — the world’s seventh-largest container line — following the withdrawal of support from its creditors after a lengthy period of financial distress, will cause an immediate upward adjustment in US import rates and…

Source: www.joc.com The 18,000-TEU CMA CGM Benjamin Franklin, pictured in San Francisco Bay during a call to the Port of Oakland in February, could be one of the mega-ships the Ocean Alliance plans to deploy to the U.S. West Coast.…

Source: www.joc.com The average visit to the Long Beach Container Terminal, the gates of which are pictured, took 69 minutes in June. Credit: AJ Edmond Truck lines in Los Angeles-Long Beach got slightly longer in June, much to the chagrin…

Source: www.joc.com Standard & Poor’s has placed Hapag-Lloyd on negative credit watch because of uncertainty over the impact of a potential merger with United Arab Shipping Company on the German carrier’s capital structure and financial leverage. “The potential merger, in…