Industry News

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Industry News

  • Containers Overboard Are You Prepared? January 4, 2019 img{ margin-bottom:25px; } Buyers and sellers experience cargo losses year-round. Because these events have small public impact, they are often found only in trade publications. For example, just this week, the MSC Zoe, one of the largest and most modern container vessels in service, lost approximate 270 containers overboard or damaged during a trans-Atlantic passage. The MSC Zoe was not alone. A fire broke out aboard ...
  • Section 301 Product Exclusions January 3, 2019 The Office of the U.S. Trade Representative has announced the first list of product exclusions from the additional tariffs under Section 301. On July 6, 2018, the USTR imposed additional duties on goods with an annual trade value of approximately $34 billion. The product exclusions will be retroactive to July 6, 2018, and will remain in effect for one year from the exclusion determination in ...
  • FMC Report on Detention and Demurrage Practices December 12, 2018 The Federal Maritime Commission (FMC) has released its final report of an eight-month investigation regarding “Conditions and Practices Relating to Detention, Demurrrage, and Free time in International Oceanborne Commerce.”  The report found that while demurrage and detention could be valuable tools to move cargo promptly, the lack of standardized definitions and practices were concerns.   The FMC identified the need for consistent standardized language, transparent and simplified ...




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