News — international trade

Port congestion has eased, but high ocean freight rates may continue to...

Global Supply chain international trade

Port congestion has eased, but high ocean freight rates may continue to...

  01 U.S. agricultural exporters are calling for greater scrutiny of the behavior of shipping alliances and shipping companies during the pandemic.Today, a global alliance system dominates global shipping, with nine carriers forming three alliances that control about 80 percent of the global shipping market and 95 percent of important east-west trade routes," said the Agricultural Transportation Alliance (AgTrans). "Until 2011, alliances controlled 29 percent of the market," added AgTrans, "and the lack of competition left U.S. companies at the mercy of three alliances. Even if they can't move their containers, retailers need to charge for containers that remain on...

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Strike at Australia's Patrick Terminal halted, but shipping congestion and delays continue to worsen →

international trade

Strike at Australia's Patrick Terminal halted, but shipping congestion and delays continue to worsen →

The Maritime Union of Australia (MUA) has halted strike action against Patrick Terminals - but the impact of the strike has caused long delays on Melbourne's landside. The MUA announced the latest work stoppage at Patrick's four container terminals in late September, including a shift action at East Swanson Terminal in Melbourne in October.Patrick then applied to the Fair Work Commission (FWC) to terminate its enterprise agreement with the MUA, claiming it had "had enough" after 19 months of deadlocked negotiations.On Monday, the terminal operator called on the FWC to end the MUA's strike action.Patrick CEO Michael Jovicic said, "Since...

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OUTBURST! A CONTAINER SHIP OWNED BY MSC WAS ATTACKED BY ARMED GROUPS IN THE GULF OF GUINEA

international trade

OUTBURST! A CONTAINER SHIP OWNED BY MSC WAS ATTACKED BY ARMED GROUPS IN THE GULF OF GUINEA

01 According to foreign media reports, on October 25, a container ship owned by MSC Lucia was attacked and boarded by unknown armed men at SW Agbami terminal in the Gulf of Guinea. According to Mike, the ship docked at the port of San Pedro in C?te d'Ivoire last week and then crossed into Lome, Togo, on 22 October, leaving Lome on the morning of 24 October and crossing the Gulf of Guinea in a south-easterly direction. At around 0900 GMT on the 25th, the MSC Lucia slowed down from section 14 to a stop about 150 nautical miles north-west...

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The latest! "549 species", full of 74 pages! Just now, the USTR of the US Department of Commerce solicited public opinions on the tariff elimination of Chinese imports.

international trade

The latest! "549 species", full of 74 pages! Just now, the USTR of the US Department of Commerce solicited public opinions on the tariff elimination of Chinese imports.

On Tuesday, the Office of the United States Trade Representative said it was consulting the public on plans to resume targeted tariff exclusion procedures for Chinese imports, in particular, whether to restore previously expanded tariff exclusions for 549 categories of imported products. Reuters also reported on this. The Office of the United States Trade Representative said it would listen to the public between October 12 and December 1 to determine whether a range of products, including industrial parts, thermostats, medical supplies, bicycles, and textiles, should be excluded. Katherine Tai, the US trade representative, announced on Monday that she would contact...

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