The Week 17 Freight Market Update finds ongoing challenges with the global supply chain. Forecasts predict an increase in water levels for the Panama Canal water system in the coming weeks. FINLAND LABOR STRIKE Several labor unions went on strike at port across Finland this month. The unions have [...]
ZEMBA & GREEN WORLDWIDE: REDUCING GHG EMISSIONS THROUGH COLLECTIVE TENDER Green Worldwide Shipping® is proud to announce the successful completion of the inaugural collective tender initiated by the Zero-Emission Maritime Buyers’ Alliance (ZEMBA). This groundbreaking tender for zero-emission ocean shipping will provide greenhouse gas emissions reduction of more than 90% compared [...]
Section 301 of the Trade Act of 1974 (Trade Act) aims to tackle unfair foreign practices that impact U.S. commerce. It serves as a means to address unjustifiable, unreasonable, or discriminatory actions by foreign governments that hinder or limit U.S. trade. Under the Section 301 provisions of the Trade Act, [...]
Green Worldwide Shipping® has joined the SmartWay® Transport Partnership, an innovative collaboration between U.S. Environmental Protection Agency (EPA) and the logistics industry that provides a framework to assess the environmental and energy efficiency of goods movement supply chains. The SmartWay program helps freight shippers, carriers, logistics companies and other stakeholders [...]
The Week 16 Freight Market Update sees some relief to the global supply chain as the Panama Canal expects the rainy season to bring canal operations to near normal levels. Challenges, however, remain with potential labor unrest in Canada and vessel closures at the Port of Baltimore. PANAMA CANAL [...]
The U.S. Department of the Treasury enacted directives on Friday, April 12, 2024 that prohibit the import of Russian-origin aluminum, copper, and nickel into the U.S. These actions also limit the use of these Russian-origin metals on global metal exchanges and over-the-counter derivatives trading. This move supports the G7 Leaders' [...]
In this Week 15 Freight Market Update, focus remains fixed on supply chain disruptors and their impact on global logistics operations. PORT OF BALTIMORE The Port of Baltimore is currently in the process of resuming container operations following a temporary shutdown due to the collapse of the Key Bridge. [...]
The Port of Baltimore is currently working towards handling containers within the next four weeks after shutting down because of the Key Bridge collapse. Starting in a limited capacity to containers as well as other freight (such as ro/ro) the port is targeting a full reopening by the end of [...]
Supply chain disruptions continue to pose challenges to global shippers. In this Week 14 Freight Market Update, we address the implications of the Taiwan earthquake, Francis Scott Key Bridge collapse operational challenges, and the ongoing challenges posed by low water levels in the Panama Canal. TAIWAN EARTHQUAKE The magnitude [...]
ACE MODERNIZATION SCHEDULE ANNOUNCED U.S. Customs and Border Protection (CBP) recently announced plans to modernize ACE Portal Periodic Monthly Statement (PMS) features. The new features include new event tracking, postponing DIS vehicle export document submissions, and enforcement of tighter Type 86 entry deadlines, while offering enhanced document imaging system status [...]
