Earlier today the Panama Canal Authority (ACP) announced the introduction of a Long-Term Slot Allocation (LoTSA) method for Neopanamax vessels. This initiative is part of the transit booking system that aims to enhance transit certainty and flexibility for shippers. Currently, the slot offering in the transit booking system is done [...]
As Week 31 comes to a close, we find the global supply chain facing familiar challenges including strained labor relations, wildfires delaying Canadian port operations, and railcar shortages that continue to plague the U.S. Pacific Northwest. DEMAND SLOWS YET REMAINS HEALTHY Demand is slowing but remains healthy and is [...]
PROPOSED SECTION 301 MODIFICATIONS On May 28, 2024, the United States Trade Representative (USTR) proposed modifications to the actions under the Section 301 investigation concerning China’s acts, policies, and practices related to technology transfer, intellectual property, and innovation. Section 301 exclusions were first implemented during the Trump Administration and reinstated [...]
Week 30 ushers in new challenges for the global supply chain in the form of IT outages, port congestion, and ongoing equipment shortages. CROWDSTRIKE IT OUTAGE The IT outage on Friday, July 19, 2024, caused by a bug in a CrowdStrike software update, is considered the largest outage in [...]
As part of its ongoing commitment to helping small businesses, Green Worldwide is proud to sponsor the University of Georgia Small Business Development Center’s (SBDC) ExportGA for the fifth year. "At Green Worldwide, we are committed to helping small businesses succeed, particularly those involved in international trade, as that [...]
The Department of Homeland Security (DHS) released an updated Uyghur Forced Labor Prevention Act (UFLPA) Strategy to Prevent the Importation of Goods Mined, Produced, or Manufactured with Forced Labor in the People’s Republic of China (PRC). Released July 9, 2024, the updated strategy continues to advance the enforcement of [...]
In Week 29, we see demand begin to fall from an early peak season while equipment shortages and severe weather impact vessels and some ports. WEATHER BLOCKS VESSEL TRAFFIC AROUND CAPE OF GOOD HOPE Severe weather near the Cape of Good Hope forced container vessels to seek shelter from [...]
Contract negotiations between several North American Dockworker unions and ports have the potential to snarl port operations and the movement of freight. The International Longshore and Warehouse Union (ILWU) Canada and the International Longshoreman's Association (ILA) in the U.S. are advocating for their members to agree to new contract terms [...]
This week's Freight Market Update brings good news for shippers choosing the U.S. West Coast ports as capacity is loosening. Week 28 started with a category 1 hurricane bringing the U.S. Gulf Coast supply chain to a temporary halt while German dockworker strike stopped port operations in Hamburg, Germany. [...]
LABOR ACTION AT PORT OF HAMBURG Dockworker strikes are taking place at all terminals of the port of Hamburg starting today, July 9, 2024, and running for 48 hours through July 11 at 7 a.m. local time. The first, second, and third shift will all be participating in the work [...]
