cargo ships

Efforts continue to improve ocean cargo shipping as one way to resolve current supply chain disruptions. Yet, as commodity export trade manager Walter Lanza expressed, the outlook for 2022 does not look especially bright for a variety of reasons ...

Things continue to run slowly at U.S. ports, especially on the outbound side. A big reason is a business arrangement called the Box Rule. Ray Bowman is an international trade consultant and Program Chair for the District Export Council of Southern California: "What that box rule is, is to drop off a container, you have to have a chassis, so those are the wheels on the bottom that you load t

On Wednesday, Washington Senator Maria Cantwell took to the Senate Floor, urging lawmakers to pass the bipartisan Ocean Shipping Reform Act. Cantwell said the legislation, which she helped clear the Commerce Committee, will provide long-term solutions to ease supply chain challenges ...

Container shipping rates are showing signs of easing, at least temporarily. On the Shanghai-to-Los Angeles trade route, the rate for a 40-foot container fell nearly $1,000 last week to $11,173, an 8.2% drop from the prior week. Ocean freight, however, remains more expensive than it was pre-pandemic, and air cargo rates remain elevated ...

Earlier this week House lawmakers introduced the Ocean Shipping Reform Act of 2021. The bipartisan legislation is the first major update of federal regulations for the global ocean shipping industry since 1998. The legislation would support American exports by establishing reciprocal trade opportunities to help reduce the United States’ longstanding trade imbalance with China and other countries