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JULY 21, 2023 UPDATE:Â The ILWU strike notice has been retracted and labor operations at the Ports of Prince Rupert and Vancouver have returned to normal.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 [...]
The ongoing strike by the International Longshore and Warehouse Union (ILWU) Canada, which has entered its second week, is causing changes in port calls. Some vessels are now being redirected from Vancouver to Seattle-Tacoma. There are concerns about potential cargo backlogs near the ports of Vancouver and Seattle-Tacoma. The Vancouver [...]
NET ZERO EMISSIONS TRACKING METHODOLOGY FOR AIR TRANSPORT The International Air Transport Association (IATA) announced plans to release an annual report called "Track Zero" to monitor the progress of the aviation industry in achieving its commitment to Net Zero carbon emissions by 2050. This report will utilize IATA's Net [...]
MARINE ENVIRONMENT PROTECTION COMMITTEE MEETING During the recent gathering of the Marine Environment Protection Committee (MEPC 80), representatives from various Member States of the International Maritime Organization (IMO) came together to discuss the reduction of greenhouse gas (GHG) emissions from ships. In a significant development, they unanimously approved the [...]
