United States (US) and European Union (EU) officials met this week to negotiate a new Tariff Rate Quota Agreement (TRQ) in the aftermath of the United Kingdom's (UK) 2021 exit from the EU. A portion of the UK's agricultural export quotas has been reallocated to the US, increasing the [...]
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 [...]
The Federal Maritime Commission (FMC) has rejected a petition from ocean carriers and terminal operators who argued that limiting the scope of the party liable for per diem charges on containers would worsen air pollution at ports by creating more congestion. However, according to the FMC, the proposed rule only [...]
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 [...]
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 [...]
THE Alliance – a partnership of steamship lines that includes members Hapag-Lloyd, Ocean Network Express (ONE), HMM and Yang Ming – announced a new commitment to sustainability and optimizing the efficiency of the shipping network with a series of new fuel-efficient vessels. The larger vessels will replace smaller, less efficient [...]
“I said when we launched this program that I hoped we would never collect a dime because that would mean that containers were moving off our docks. And that’s exactly what occurred,” said Port of Los Angeles Executive Director Gene Seroka. “I’m grateful to the cargo owners and all our [...]
Green Worldwide Shipping reported in March that many products including terry bathrobes, barbecue grill surfaces, and certain bicycles were excluded from Section 301 tariffs levied on imports from China. The Office of the US Trade Representative (USTR) today announced a nine-month extension of these exclusions. Originally set to expire [...]
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 [...]
During the peak of the pandemic, free time extensions were granted within service contracts between ocean carriers and shippers. As demand and cargo volumes increase, these extensions are becoming less manageable from an ocean carrier standpoint. Free time extensions are expensive given the use of space, adding to delivery problems [...]
