In June, the International Sustainability Standards Board (ISSB) released its inaugural set of sustainability disclosure guidelines for corporations. The guidelines, known as IFRS S1 and S2, aim to help companies assess and mitigate their negative environmental impacts in a systematic manner. ISSB’s goal is to establish a global foundation [...]
UPS AND TEAMSTERS REACH AGREEMENT UPS and the International Brotherhood of Teamsters (Teamsters) reached a tentative agreement for a five-year contract on Tuesday averting a strike. Endorsed by the UPS Teamsters National Negotiating Committee, the tentative agreement adds new full-time jobs, increases hourly pay rates for both full and part-time [...]
WEEKLY FREIGHT MARKET UPDATE Green Worldwide Shipping's Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more.  For continuous updates, make sure to check out our website at greenworldwide.com. As Green continues to monitor international [...]
FOSTERING TRANSPARENCY & GROWTH The United States-Taiwan Initiative on 21st-Century Trade First Agreement Implementation Act (H.R. 4004) is a bipartisan bill that formally validates Congressional endorsement of the trade agreement negotiated between the Biden Administration and Taiwan. Making its way to President Biden for approval, this legislation outlines stipulations for [...]
JULY 21, 2023 UPDATE:Â The ILWU strike notice has been retracted and labor operations at the Ports of Prince Rupert and Vancouver have returned to normal. The full schedule can be found on the Maersk website. ILWU CANADA MEMBERS REJECT CONTRACT The International Longshore and Warehouse Union Canada (ILWU) members [...]
COMPREHENSIVE COMPLIANCE DISLOSURES The Securities and Exchange Commission (SEC) is urging China-based companies to provide more comprehensive disclosures regarding their compliance with the Uyghur Forced Labor Prevention Act (UFLPA) and reporting on the Chinese government’s involvement in their operations. Recently, a sample letter was shared on the SEC's official website, [...]
POTENTIAL UPS STRIKE The pending strike by United Parcel Service (UPS) Teamsters is causing widespread concern throughout global supply chains. As negotiations between UPS and the Teamsters stagnate, businesses worldwide are preparing for potential disruptions to shipping and logistics services.  The potential August 1, 2023, strike may create bottlenecks and [...]
WEEKLY FREIGHT MARKET UPDATE Green Worldwide Shipping's Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more.  For continuous updates, make sure to check out our website at greenworldwide.com. As Green continues to monitor international [...]
ILWU CANADA AND BCMEA REACH TENTATIVE AGREEMENT The 13-day labor strike between the International Longshore and Warehouse Union Canada (ILWU) and the British Columbia Maritime Employers Association (BCMEA) came to an end during late night negotiations on July 13. Federal mediators assisted both parties in reaching the tentative 4-year agreement [...]
WEEKLY FREIGHT MARKET UPDATE Green Worldwide Shipping's Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more.  For continuous updates, make sure to check out our website at greenworldwide.com. As Green continues to monitor international [...]
