The Entity List comprises individuals and entities subject to specific license requirements for the export, re-export and/or in-country transfer of specified items.
The purchase has an up-front consideration of $21 million with a maximum potential performance-based earn-out of $9 million.
If implemented, the tariffs will affect approximately $300 billion worth of goods from China in yearly import value.
The Treasury Department’s Office of Foreign Assets Control on Friday sanctioned two more shipping companies and their tankers for transporting Venezuelan oil to Cuba.
South Florida market continues to attract a steady flow of newcomers aiming to get their piece of the freight.
Inflation surprise is one of the biggest risks to economic growth for the remainder of the year, FTR senior economist Bill Witte said Thursday.
The Justice Department said a North Korean-flagged bulk carrier is in U.S. custody for illegally transporting and concealing exports of North Korean coal.
Awards also go to Crowley, James, Mountevans, Cloud Logistics, Fleet Advantage, Gebrüder Weiss, IAPH honorees, Indiana port, The Andersons and Werner.
The purchase of the TMS implementation and integration services provider is the Chicago-based 3PL’s third acquisition of 2019.
Ports America, Ceres and SSA Marine plan a joint venture in Charleston and Savannah, while TOTE subsidiary and Luis Ayala Colon want to partner in San Juan.
The FMC chair says if freight rates don’t improve to recoup carriers’ cost of capital, the industry “points toward more consolidations, mergers and acquisitions.”
The agency issued guidance on Friday detailing the specifics of the tariff increase from 10% to 25% on $200 billion worth of goods from China.
Loaded imports were mostly flat and loaded exports decreased, but empty containers grew by double-digit percentages at both ports last month.
Australia, Japan and Singapore are leading the World Trade Organization e-commerce initiative.
Seaboard Marine also will launch additional services in June linking Savannah to South America, Central America and the Caribbean.
A requirement for ships to go slow in order to reduce greenhouse gas emissions could be counterproductive, says the Coalition for Responsible Transportation.
The companies will “collaborate on a wide range of cross-industry initiatives” and integrate their systems.
CEO Rolf Habben Jansen said transpacific contract rates saw an average “three-digit increase” per TEU.
The high import levels expected through the summer are driven by a rise in retail sales and plans to increase and broaden the tariffs against China.
Trade attorneys reported that the notice for tariffs to increase from 10% to 25% applies only to goods that are both exported and entered for consumption after 12:01 a.m. Friday.
