Is Trump truly anti-free trade, and if so, will he also train his eye on the Central America Free Trade Agreement, the decade-old trade pact that was modeled after NAFTA and deregulated US trade and investment with Costa Rica, El Salvador, Guatemala, Honduras, and the Dominican Republic?
Regulation & Policy
Europe’s private port and terminal operators have called for “clear and stable” regulations to ensure adequate returns on their investments in an increasingly unsustainable market.
The overall number of truck driver hours-of-service violations cited by roadside inspectors dropped in fiscal 2016, but certain types of violations increased.
Maersk Line’s acquisition of Hamburg Sud will likely force it to sell its Brazilian flag operation Mercosul Line, which could open the door to CMA CGM or Mediterranean Shipping Co. to enter the closed Brazilian coastal shipping market.
Global container lines found guilty of cartel practices in the Russian market are seeking a settlement with Russian authorities in an attempt to avoid multi-million dollar fines.
A broad range of US shippers, truckers, and transportation intermediaries are asking federal maritime regulators to consider creating a rule to prevent marine terminals and container lines from charging demurrage and detention fees.
Bipartisan legislation would make it easier for US Customs and Border Protection to partner with private companies or entities to fund infrastructure improvements at US border crossings and ports of entry.
A private sector-fueled initiative guided by the US Federal Maritime Commission aims to create a national portal in which key, non-proprietary information is shared with shippers, liners, truckers, and others to reduce port congestion.
In order to draw in more international and national investors, the Brazilian government is poised to extend its minimum period for port concessions.
Indian shippers who have been reeling from unpredictable demand may have some cost relief on the way after the Directorate General of Shipping and stakeholders moved a step closer to reaching an agreement over abolition of shipping surcharges.