2017 - What is coming? Here are a few topics for 2017: Ocean shippers - several topics ACE - January deployment postponement Mexico City - official change For ocean shippers in 2017 (from JOC): “2016 was one of the wildest years in container shipping history. Within one year, the industry witnessed the largest bankruptcy in liner history with Hanjin Shipping, … [Read more...]
Happy Holidays
Happy Holidays Season's Greetings to you and Best Wishes for a Happy New Year!! ~From your friends at Superior Freight Services, Inc. Click here to see December 2016 newsletter … [Read more...]
OFAC Reports $5.9 Million Penalty for Violation of Sanctions
OFAC Reports $5.9 Million Penalty for Violation of Sanctions The Office of Foreign Assets Control [OFAC] reported National Oilwell Varco,Inc., a Delaware corporation, and two subsidiaries have agreed to pay $5.98 million to settle their potential civil liability for apparent violations of the Cuban Assets Control Regulations, the Iranian Transactions and Sanctions … [Read more...]
NAFTA: Some Practical Advice
NAFTA: Some Practical Advice From the Global Training Center Blog: It is always good to review current policies and procedures - then should remember the following: NAFTA is a voluntary program~ While there are incentives for participation, there are also good reasons to opt out. Check the duty rates in the destination country. For example, if you are shipping … [Read more...]
Panama Canal Expansion is Completed in 2016!
Panama Canal Expansion is Completed in 2016! A huge 984-foot 'Cosco Shipping Panama' carrying 9,472 containers completed the first official voyage on June 26th (2016) through the new expanded massive locks of the Panama Canal. The $5.4 billion project to expand the 102-year-old canal took almost 10 years and 40,000 workers to complete. The new set of locks now allows … [Read more...]