Regulation & Policy
The U.S. and India called for enhanced bilateral cooperation and laid out an aggressive plan to boost trade and investment following meetings in Washington between India Prime Minister Narendra Modi and President Barack Obama.
Some bad news for shippers: Switching to low-sulfur fuel on a global basis in 2020 could cost the container shipping industry up to $100 billion per year, which will likely cause container freight rates to rise as carriers attempt to pass the costs onto beneficial cargo owners.
Nearly 300 shippers, port authorities and transportation groups are urging the U.S. Congress to follow through with its plan to send more money collected via harbor maintenance taxes back to ports.
The Mexican Senate will likely consider rail reform legislation this month, paving the way for the country’s three largest railroads to keep their concessions and preventing any supply chain disruptions caused by proposed legislation that would force them to open their networks to third-parties.
A new U.S. Customs and Border Protection pilot program aims to reduce the frequency of intellectual property rights exams for trusted importers while still protecting trademark rights, saving U.S. shippers time and money.
Nearly $300 million in subsidies were given to four Chinese ship lines today, as the Chinese government begins to roll out parts of a six-year plan to update its shipping industry.
Several industry associations representing private port terminals throughout Brazil and private terminal operators inside organized port areas were quick to condemn a law intended to clear up irregularities and inconsistencies in an infrastructure improvement plan.
Maersk Line has announced low-sulfur surcharges of up to $160 per 20-foot container on the North Atlantic and lesser amounts on other trade routes to offset the cost of complying with regulations requiring ships to switch to cleaner fuels in 2015.
The world’s top integrators are waiting to see how the recent ruling by China’s State Council to liberalize domestic package delivery will play out across the multibillion dollar market dominated by a multitude of small low-cost operators.
A pilot program to test paperless customs documentation will be implemented at the Nhava Sheva Container Terminal for the next two months in an attempt to ease the India’s congestion problem.