With the strong support and guidance of governments at all levels, Yantian International has strictly implemented the COVID-19 prevention and control work and has promoted the resumption of work and production in the port area in an orderly manner.
News / Supply Chain Alerts
The Transportation Security Administration (TSA) is reminding all Importers, Exporters, Carriers, and Freight Forwarders that the International Civil Aviation Organization (ICAO) security requirements take effect for 100% of all international all-cargo flights by June 30, 2021.
The Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) project will directly impact, modernize, and streamline the import process of shipments entering Canada by transforming the collection of duties and taxes for commercial goods.
Transpacific Market U.S. Imports from Asia in April increased by 29.3% on a year over year basis to 1.55 million TEU, according to IHS Market. While this does represent a 6.6% month over month decrease in volume, the decline should not be attributed to a softening in demand but rather due to continued capacity disruptions caused by heavy congestion across the entire Transpacific network.
There will be a substantial shortage of capacity from Asia to the U.S. in the months of May and June, which will further impact the already very difficult market. Mediterranean Shipping Company (MSC) intends to withdraw several voyages covering all their Asia to U.S. services, in an attempt to regain schedule integrity and to alleviate some of the ongoing congestion at ports and intermodal ramps in the USA.
During the past year, there have been numerous disruptions to the flow of commerce in and out of the United States, due to the coronavirus pandemic. The latest is the impact on truck availability at our nation’s ports.
The situation in the Suez Canal has now been resolved, with the backlog having cleared and all vessels proceeding to their destinations. The impact on Noatum North America and its customers was thankfully minimal.
On April 5, 2021, the U.S. Court of International Trade issued an opinion against the Section 232 derivative product tariffs implemented on Proclamation 9980 which applied a 25% tariff on steel derivative products and a 10% tariff on aluminum derivative products.
On Friday, March 26, 2021, the United States Trade Representative (USTR) office announced in a press release the Next Steps of Section 301 Digital Service Tax (DST) Investigations for Austria, India, Italy, Spain, Turkey, and the United Kingdom.
On Monday, March 29, 2021, the United States Trade Representative (USTR) Katherine Tai announced that the USTR would Suspend Trade Engagement with Burma following Military Coup and Violence against Civilians. In the message, the USTR said the suspension of all U.S. engagement with Burma under the 2013 Trade and Investment Framework Agreement (TIFA) will remain in effect until a return of a democratically elected government.