June 26th – July 2nd
Xinjiang import ban creates compliance challenges for supply chains
General counsel will need to have a hard conversation with their company leadership over a federal law that took effect last week restricting imports that come through the Xinjiang region of China because of what western governments have called the use of enslaved Uyghur Muslims and other ethnic minorities by companies there.
Fingers crossed as West Coast port labor talks head into overtime
The employers who operate West Coast port terminals and the union representing dockworkers on Friday rejected calls to extend their contract that was set to expire at 5 p.m. PST, but they promised to keep cargo moving without interruption until an agreement is reached.
U.S resuscitates bid at G-7 to counter China’s belt and road
President Joe Biden rebooted his effort to counter China’s flagship trade-and-infrastructure initiative after an earlier campaign faltered, enlisting the support of Group of Seven leaders at their summit in Germany.
June 19th – June 25th
Asia-US container shipping rates are flashing two bearish signals
Trans-Pacific spot container shipping rates have crossed two bearish thresholds. It depends on which indexes you believe, but according to Drewry’s, spot freight rates are now below where they were at this time last year, and according to Xeneta’s, spot rates are now below current contract rates.
DB Schenker acquires USA Truck for $435M
DB Schenker is acquiring USA Truck in a $435 million deal, the two companies announced Friday.
As part of the deal, DB Schenker is paying cash for all outstanding shares of USA Truck common stock, at a price of $31.72 per share. If approved, USA Truck will be folded into DB Schenker’s Land Transport Division in the Americas Region.
US sanctions help China supercharge its chipmaking industry
China’s chip industry is growing faster than anywhere else in the world, after U.S. sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components.
June 5th – June 11th
Fresh Del Monte calls on ‘non-traditional ports’ to circumvent congestion
Fresh Del Monte has been able to circumvent the recent congestion facing West Coast ports by utilizing “non-traditional” ports that are not fully containerized, according to Francis McCawley, head of commercial at Network Shipping, Fresh Del Monte’s ocean logistics arm.
Boom times not over yet: US container ports still near highs
There may be doom and gloom about the future, but America’s ports are still posting historically high numbers for the recent past. The ports of Long Beach, California, and Charleston, South Carolina, just reported exceptionally strong throughputs for May.
Congress to toughen shipping regulation as Biden, companies cite economic pain
U.S. lawmakers are preparing to toughen oversight of international shipping companies as the White House and American importers and exporters say historically high freight transportation costs are hampering business and contributing to accelerating inflation.
De-mining Ukraine’s ports could take months while seafarers remain trapped
Removing sea mines near Ukraine’s key ports could take months, and hundreds of seafarers are still stranded in the region following Russia’s invasion of the country, according to the United Nations agency responsible for shipping safety.