The UK is facing an “absolute catastrophe” if it does not sort out a “frictionless and seamless” border at Dover and other ports, the shipping industry has warned.
The UK Chamber of Shipping, which represents more than 170 freight ship, tanker and cruise liner companies, has called on governments across Europe to urgently grasp the challenge, arguing that a problem for the UK will also be a problem for ports in Holland, Belgium, France and Ireland.
The Irvine Chamber of Commerce recently held a seminar, “Beyond the Numbers: Air & Sea Cargo Trends,” which included a particularly compelling presentation: “Trade Matters: How Los Angeles Trades With The World.”
There are many intriguing statistics about the Port of LA, including those included on the following slide:
Check out the complete PowerPoint presentation for even more facts and figures about LA imports >> LATradeStats2016.
There is a lot of press coverage about the Hanjin bankruptcy, but very little of it provides tangible facts for traders to rely on. One thing we know for sure is Hanjin filed a Chapter 15 bankruptcy in the U.S. What that means is the U.S. bankruptcy court will defer to the Korean bankruptcy court regarding how the case will proceed.
The U.S. court will limit its orders to cargo in the U.S. or touching the U.S. Most importantly right now, if you think you have a claim against Hanjin, you need to file that claim in the Korean bankruptcy proceeding, and you must do that between October 11 and 25, 2016. If you miss that claim deadline, you will be out of luck.
There are a handful of Korean lawyers representing the interests of cargo owners and other potential claimants in Korea and they should be contacted immediately. Referrals are available.
US Customs’ Los Angeles Field Operations Unit has announced the opening of the Advanced Qualified Unlading Approval (AQUA) Lane program at the Los Angeles/Long Beach seaport.
AQUA Lane provides an expedited vessel clearance process to sea carriers actively participating in the C-TPATprogram, who meet the requisite criteria, that enables them to immediately unload cargo upon arrival in the US — prior to CBP meeting the vessel. It allows CBP to lessen congestion at seaports, redirecting Customs’ resources towards high risk threats and away from low risk carriers.
The first ship that made it through the locks and completed the 50-mile journey from Atlantic to Pacific was the Chinese-owned Cosco Shipping Panama
85 percent of the 166 reserved crossings scheduled for the next three months are for container ships. Container cargo accounts for nearly 50 percent of the canal’s overall income
However, factors that can negatively affect the canal’s traffic and include global shipping due to the drop in oil prices, an economic slowdown in China, which is the canal’s second-largest customer, and other factors that have hit the waterway’s traffic and income
CBP began a pilot program this month allowing commercial trucks to prepay the single-crossing user fee online prior to arrival at a port of entry. The pilot is being conducted at the Buffalo, Detroit and El Paso ports of entry and will last for approximately one year.
For shipments that are on the water on or after June 30, 2016, CBP ports will no longer be required to send requests for liquidated damages (LD) claims to Headquarters for review, and the “three-strikes” approach to LD claims against importers’ bonds will also end. There is no change to cargo holds for ISF non-compliance; ports may hold cargo instead of (or in addition to) initiating LD claims.
US Customs’ Outbound Enforcement Team at the Los Angeles/Long Beach Seaport reminds exporters that:
1) it will continue its practice of notifying carriers and terminal operators via email of outbound cargo hold requests (to ensure targeted cargo is available for exam)
2) it can better facilitate export shipments if carriers and NVOCCs provide export vessel booking reports three days prior to scheduled departure and once after document cutoff for all non-bulk vessels (to expedite exams)
The US Customs Office of Field Operations for the Los Angeles/Long Beach Seaport has issued the public bulletin to remind the trade that CBP “maintains a Zero Tolerance policy regarding gateout containers/cargo.”
The agency will assess civil monetary penalties against all culpable parties for each gateout incident, defined as “allowing a container/cargo that has been targeted by CBP for terrorism or enforcement inspection to be released without authorization from CBP.”