UPDATE: 12/09/2021 PNW DWELL FEE UPDATE While the escalating dwell fees for the Ports of Los Angeles and Long Beach have been deferred until at least December 13th, the Terminals in Tacoma and Seattle have instituted their own separate and compounding fees which are in effect currently for import containers. The current table can be
The Ocean Shipping Reform Act of 2022 (OSRA-22) has been signed into law by President Biden in an attempt to alleviate supply chain congestion and inflation. The President was quoted as saying, “… this law is going to help begin to lower shipping costs, bring down prices on everything from goods to products that the
Despite a deadline of July 1, the ILWU and PMA have released a statement that no strikes or lockouts are looming. While they agree that an agreement won’t be ready by the deadline, the parties are progressing in their negotiations and will continue working past the date as negotiations proceed. The announcement comes at a
International logistics, the chain that stretches through a number of different businesses, connecting the experts and professionals across the chain, the supply chain. Coppersmith has been a strong link in the supply chain for more than seven decades precisely because we’re dedicated to empowering our team when they are working, volunteering, or advocating for the
Results of the Investigation into Excessive Demurrage and Detention Fees Previously, the U.S. Federal Maritime Commission launched an investigation into the country’s port congestion with an eye to shipping carriers’ responsibilities, which included empty container returns, declining certain exports in favor of empty sailings to China, and excessive demurrage and detention fees. The FMC found
In an effort to keep our readership up to date on the delays being caused by the shutdown that started in Shanghai and has now spread to other provinces and cities, Coppersmith has put together a few key numbers to monitor the situation. It’s our goal that we can update these statistics with alerts that
Coming in June, the ILWU contract will expire and need to be renewed, leaving shippers, importers, exporters, and forwarders with concerns about delays or work stoppages that could happen if the negotiations falter. After a year plus of port delays, bottlenecks, and record delays, the looming specter of further delays and disruption, everyone is paying
Effective as of April 1, 2022, a new ports’ Clean Truck Fund (CTF) rate will be applied to all containers going through the container terminal gates at the Ports of Los Angeles and Long Beach California. Everyone must be registered with PortCheck to pay the CTF rate. If you have already registered with PierPASS, you
Trans-shipment dwell times have increased 43% across Europe since February 17th due to the Russian attack on Ukraine bringing massive disruption to the trade industry. Since troops began to mass on the Ukrainian border last month, disruption has been a mounting tidal wave that has pushed export dwell times up by 25% in European ports,
There will be a spike in airfreight rates for air cargo shippers on the Asia to Europe lanes as a massive amount of capacity has been removed from the market. With the EU/UK ban on Russian Aircraft in their airspace, Volga-Dnepr Group’s AirBridgeCargo has removed all their aircrafts from Europe. While the US is considering
Mandatory electronic filing of AMS Marketing Orders begins February 28th CBP’s Automated Commercial Environment (ACE) and the Participating Government Agencies (PGA’s) who are part of the International Trade Data System (ITDS) are focused on transitioning all information submissions to an electronic format rather than a mix of electronic and paper forms that are distributed across
