Indonesia Indonesia has imposed an emergency public activity restriction (PPKM) through July 20, 2021. The restriction was passed due to ongoing spikes of COVID-19 cases. There have been 56,757 confirmed cases as of July 15. The PPKM restrictions are focused on Java, Bali, and Jakarta.  There are “rumors” that this PPKM will be extended for […]

Issue Date: July 14, 2021 Quote of the Issue: “There was never a night or a problem that could defeat sunrise or hope.” –  Bernard Williams Record Carrier Profits Amid Market Chaos and Dysfunction ShapLight Focus: Ocean carrier profits have already exceeded all of 2020 and are projected to eclipse $100B by the end of 2021, […]

Today, the US and EU announced that they have reached a deal related to the Boeing – Airbus dispute. This marks the end of the longest running quarrel in the history of the World Trade Organization (WTO). According to the official White House Press release, the US and EU will suspend tariffs for five years and work together […]

Congestion has been one ramification of the COVID outbreak we reported on yesterday. In an effort to improve the traffic situation in the surrounding areas of the port of Yantian, Yantian International Container Terminals (YICT) has decided the following: Between 12 AM (midnight) on May 28th and 11:59 PM on May 30th, export-loaded containers will […]

Issue Date: April 22, 2021 Quote of the Issue: “Fear is, I believe, a most effective tool in destroying the soul of an individual—and the soul of a people.” –  Anwar Sadat Suez Pushes Market to Worst Allocation ‘Ever Given’ ShapLight Focus: In March 2021, there were 3.02 million TEUs of ocean imports; this is 50.5% […]

On Monday, the Court of International Trade (CIT) announced that it found that Donald Trump had violated his presidential authority when he expanded Section 232 tariffs on steel and aluminum derivative products back in January 2020. The decision was announced following months of litigation resulting from a lawsuit filed by PrimeSource Building Products – a […]

We learned this morning that the grounded EVER GIVEN has been dislodged in the Suez Canal—and that it will be towed, during high tide, to Great Bitter Lake for inspection. It is expected that transits will resume later this evening and that the backlog will be addressed within the week. We will certainly keep you apprised […]

Issue Date: March 23, 2021 Quote of the Issue: “Gratitude, like faith, is a muscle. The more you use it, the stronger it grows.” –  Alan Cohen.  Paying More for Less Reliability with Freight Services ShapLight Focus: US importers paid $5.19B in freight services during February 2021, up from $1.95B in February 2020 Chart of the […]

The Office of the U.S. Trade Representative (USTR) announced that it will extend certain Section 301 tariff exclusions on products used to treat COVID-19; these exclusions were previously set to expire on March 31, 2021. The extended exclusions will apply to all products meeting the specified criteria until September 30, 2021. Click here to read […]

On March 4th, 2021, the office of the U.S. Trade Representative (USTR) and United Kingdom (UK) announced a four-month suspension of additional duties on large civilian aircrafts in an effort to resolve one of the longest running World Trade Organization (WTO) disputes. According to the USTR press release, the UK had already stopped applying retaliatory […]

Issue Date: January 15, 2021 Quote of the Issue: “You can’t calm the storm, so stop trying. What you can do is calm yourself. The storm will pass.” –  Timber Hawkeye US Domestic: Port and Rail Congestion Crippling Service Levels ShapLight Focus: Dray carriers are requiring bookings at least 12 days in advance for Savannah, Norfolk, […]

Yesterday, the office of the U.S. Trade Representative (USTR) announced the suspension of additional 25% duties on certain French goods that were originally scheduled to begin on January 6, 2021. According to officials, the decision was made “given that these [Digital Services Tax] investigations are ongoing and have not yet reached any determinations on what, […]