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The continued attacks on container ships passing through the Red Sea by Houthi rebels is now impacting all global trade lanes. On January 3, 2024, the White House hosted a briefing on the attacks and warned that the higher shipping
On December 26, 2023, the United States Trade Representatives (USTR) office issued a Press Release notifying the trade that they were extending the previously reinstated and COVID-related China section 301 tariff exclusions through May 31, 2024. The exclusions were previously scheduled to
On Friday December 22, 2023, U.S. Customs and Border Protection (CBP) notified the public in a Statement from CBP on Operational Changes that rail operations would resume in Eagle Pass and El Paso effective at 2pm Eastern Time. CBP noted that there
As a result of the continued threat of violence in the Red Sea and limited restricted capacity in the Panama Canal, most carriers are choosing to change the vessel routings. More than one hundred container ships have now been diverted
We want to inform you about a temporary suspension of rail operations in Eagle Pass and El Paso, Texas, effective December 18, 2023, at 8:00 a.m. local time. Key Points: Reason: Due to increased migrant encounters at the Southwest Border driven by
Major carriers CMA CGM, Maersk, MSC and Hapag Lloyd have announced a pause in Suez Canal transits following an attack Friday against the MSC’s Palatium III vessel by Houthi forces. The Red Sea and Suez Canal provide a critical link between
Argentina’s central bank has imposed immediate restrictions on foreign currency holdings by commercial lenders, effective until year-end. The rule aims to unwind current dollar holdings, stabilize the peso, and address the anticipated 27% value drop on Monday (potentially 44% under
In the ever-evolving landscape of global shipping, recent developments about Panama have sparked strategic shifts and raised industry concerns. Here’s a concise overview. Panama Congestion and Route Adjustments: Last week, Panama anchorages faced peak congestion, leading to diversions through the Suez Canal
In the latest on the Panama Canal situation, a low-water crisis is impacting daily vessel transits, with no quick fix in sight. Efforts to address the issue, including a proposed $2 billion investment in new facilities, face potential approval delays
In October of 2023, the Panama Canal area experienced its driest month in 73 years, significantly affecting water levels. As a result, the Panama Canal Authority (ACP) has introduced measures to conserve water and maintain operations. Here’s a brief overview: Transit Capacity
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