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Last Thursday, Universal Cargo CEO Devin Burke sat down at a coffee house and gave a great candid interview, which includes an outlook of the international shipping industry and how businesses – [...]
A practical walk-through with a worked example — factory price, ocean freight, duties and fees, insurance, plus the line items first-time importers routinely miss (consolidation, compliance, the [...]
Iran attacked three ships trying to cross the Hormuz Strait this week. The U.S. responded by striking approximately 170 Iranian military targets over a 48-hour period. Iran then tried to [...]
Trans-Pacific freight rates have been surging after strong shipper demand spurred an early start to international shipping’s peak season. Last week, ocean freight carriers implemented [...]
On Sunday (June 14th), President Trump announced a peace deal with Iran via a Truth Social post: The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully [...]
Happy World Trade Week! Never heard of it? You’re not alone. I’ve only peripherally heard of it, and I write a blog about international shipping. I don’t think we’ve ever [...]
This is a guest post by Luka Marin. Peak season can make overseas shipping feel less predictable. Rates move quickly. Space can tighten before many businesses expect it. Schedules can also change [...]
When I first started writing about international shipping more than 15 years ago, a rollercoaster was the best metaphor to describe the industry, with its volatile, up-and-down freight rates for [...]
The U.S. Court of International Trade ruled against the Trump Administration’s usage of Section 122 of the Trade Act of 1974 to implement a broad 10% tariff on imports to the U.S. President [...]
The Trump Administration is moving forward with a new 25% tariff on European Union (EU) automobiles. However, there are still some indications this tariff threat is to pressure the EU to follow [...]
Ocean freight rates have been elevated since the start of the Iran War. However, as we’ve covered in Universal Cargo’s blog, international shipping’s capacity is not stretched [...]
Now’s the time for shippers to get back the money they spent in IEEPA-related tariffs. All-Ways reported in an email blast that “more than $166 billion in tariff refunds are now [...]
With the two-week ceasefire between the U.S. and Iran, Iran has reopened the Strait of Hormuz, but shipping traffic through it is reportedly at a trickle. According to a Reuters article by [...]
Oil Prices Outlook Oil has always been a large factor in international shipping costs. The Iran War, with the closure of the Straight of Hormuz, effectively cut off shipping access through the [...]
Yesterday (Monday, March 24th), the Federal Maritime Commission (FMC) said no to carriers requesting waiver of the 30-day notice period before hitting shippers with fees related to the Iran War. [...]
Summit Delay Request Many refer to the current trade deal with China as a trade truce. Shippers would be forgiven for thinking of it as tenuous after the tension of escalating tariffs of trade [...]
Today’s post is an important one for importers looking to get tariff refunds. The key takeaway for shippers will be to make sure they’re registered with CBP’s Automated [...]
The Iran War significantly impacts international shipping in the immediate present and potentially long-term future. If the immediate impact was summed up with one word, it would be [...]
The two things shippers seem to want to know the most about in light of the Supreme Court’s recent tariff decision is what will happen with tariffs moving forward and what about refunds. [...]
Competition on the waters of international shipping looks to be shrinking again as the world’s fifth-largest ocean freight carrier, Hapag-Lloyd, made a buyout deal yesterday to acquire the [...]
