Regulation & Policy

Regulation & Policy

The global regulatory environment surrounding international trade has never been more difficult — and risky — to manage. From international trade law to customs regulations, trade compliance has risen to the top of the priority list among global importers and exporters. In the age of free trade agreements that link different customs and cultures, the challenges will only mount in the years ahead.

News & Analysis

Trans-Pacific westbound spot rate plunge set to deepen
22 Aug 2019
Spot rates in the westbound Pacific took a sizable drop this month due to declining US exports to Asia, which are resulting in especially low vessel utilization rates. The normal strong rebound, which should begin in November, could be muted as a result.
Two container ships at sea.
02 Nov 2018
The World Shipping Council, which represents the container shipping industry, said the paper by the OECD’s International Transport Forum that wants the European Commission’s block exemption for container shipping lines to end without renewal in April 2020 demonstrated “a fundamental misunderstanding” of how the consortia block exemption works.
Trucks parked in Louisiana, United States.
02 Nov 2018
If shippers reorganized efficiently and put an end to procurement teams focused solely on price and transactions instead of supply chain efficiency, we would have more drivers available and motivated to take time to train and become more valuable as well as get paid more.
A container ship at sea.
02 Nov 2018
Although the industry is unlikely to see another all-encompassing fiat like IMO 2020, the International Maritime Organization's (IMO’s) ambition is to reduce greenhouse gas (GHG) emissions from international shipping to 50 percent of 2008 levels by the year 2050, and to someday eliminate the fleet's GHG emissions entirely.
Krishnapatnam Port.
01 Nov 2018
That impressive ease-of-doing-business performance, following a 30-spot improvement in the previous survey, has positioned India as the “top-ranked economy” in the South Asian region, according to the World Bank.
A container ship accepting fuel.
30 Oct 2018
The failed late-October attempt by some members of the International Maritime Organization to delay some provisions of the rule taking effect Jan. 1, 2020, underscores shippers’ drive to figure out just how much more they’ll be paying for ocean shipping.
A heavy lift ship.
29 Oct 2018
The carriage ban makes it an offense for ships to carry fuel with sulfur content higher than 0.5 percent, unless the vessel has a scrubber.
Krishnapatnam Port.
29 Oct 2018
At the most recent talk in New Delhi, India Shipping Secretary Gopal Krishna and Bangladesh counterpart Abdus Samad agreed to increase ports of call, on each side, under the bilateral inland water transit and trade pact.
Trucks travel on a US road.
25 Oct 2018
Sequential volume gains may have slowed, but year-over-year shipment increases are still substantial for two of the largest US trucking companies.
Containers at a port.
25 Oct 2018
The Chittagong Customs House Wednesday issued the handling notification, which was requested by the Chittagong Chambers of Commerce and Industry.
A container ship bunkering / receiving fuel.
24 Oct 2018
As a compromise to the failed experience building proposal, the IMO agreed to boost efforts to lessen the mandate’s impact on the market.
Logistics technology and global trade/shipping.
24 Oct 2018
Integration Point is one of the largest providers of trade compliance software — tools that allow global shippers to manage customs regulations across the world, but also to strategize around the use of free trade zones and other ways to reduce duty exposure.
Steel on rolls.
23 Oct 2018
Despite a healthy economy and a trade policy-driven import spike at some US ports, US steel cargoes declined overall at many of the major US ports during the first half.
MSC container ship bunkering.
22 Oct 2018
The likelihood of significantly increased fuel costs has carriers girding themselves for an existential moment — one where the consequence of a failure to recoup the additional costs could be severe.
Containers in Shanghai, China.
22 Oct 2018
The Trump administration itself is split on the effectiveness of the tariffs, and, unlike Congress, the president “cares less about data,” so businesses should go directly to Congress with their concerns, the trade executive said.
Trucks travel on a highway in near Toronto, Canada.
19 Oct 2018
The electronic logging device rule imposed in the United States in November has already affected Canadian trucking, both cross-border and domestic services.
A heavy-lift ship.
19 Oct 2018
The looming IMO regulation, which reduces maximum sulfur emissions from 3.5 percent to 0.5 percent across most of the world's shipping lanes, “is arguably one of the industry’s most defining moments since the shift away from coal,” according to US energy giant ExxonMobil.
A heavy lift cargo ship transports an oil rig.
18 Oct 2018
Many questions remain concerning the low-sulfur rule that goes into effect on Jan. 1, 2020: how best to comply, how to manage fuel supply after IMO 2020, how to estimate changes in fuel costs, and how to plan for enforcement.
Port of Oakland.
18 Oct 2018
"I’m not optimistic we are going to see a grand bargain with all the tariffs coming off,” Lance Noble, senior analyst at Gavekal Dragonomics, said at the TPM Asia Conference on Oct. 10.
Breakbulk Americas, Oct. 2018.
16 Oct 2018
China and Russia are changing global trade rules and the global order in ways "detrimental to US security," a Trump administration document claims.
Chittagong Port
15 Oct 2018
Bangladesh Shipping Secretary Abdus Samad told JOC.com the decision was made with the interests of Bangladesh’s Chittagong and Mongla ports in mind.
Wastepaper stacked.
15 Oct 2018
Containerized exports of recyclables, first hit by China's Jan. 1 tightening of environmental restrictions, were dealt another shot by the imposition of a 25 percent tariff in late August — something that will be felt in the months ahead.
A container ship bunkering / receiving fuel.
12 Oct 2018
Among the major unknowns on the minds of ocean carrier executives: will the low-sulfur fuel supply be adequate? How high will fuel prices go? How will the new rule be enforced?
Port of Colombo, Sri Lanka.
11 Oct 2018
“We want to use the Colombo port for transshipment of goods towards Europe and America, as it will help us cut lead time by nearly 10 days,” said Bangladesh Garment Manufacturers and Exporters Association president Siddiqur Rahman.
Two container ships at sea.
11 Oct 2018
Ocean carriers are “working in the blind” at present, with each company coming up with its own fee, when what they actually need is a collectively created framework that ocean carriers and shippers will accept, so says a key ocean carrier executive.
Breakbulk Americas.
11 Oct 2018
The breakbulk/project market, buoyed by adequate global GDP growth, is finally reviving after a recession-triggered downturn magnified by the 2015 crude oil crash. But challenges loom, including shifting customer demand preferences and the low-sulfur mandate.
Two container ships at sea.
11 Oct 2018
“The reality is that we are being suddenly exposed to $15 billion in additional spend, so we have to reduce consumption and try to convince customers to pay more,” APL CEO Nicolas Sartini told JOC.com.
Containers stacked at a port.
10 Oct 2018
On Tuesday evening, the owners of trucks called off their strike after a meeting with government officials. The officials said they would communicate the strikers' concerns to the prime minster about a new law's traffic liability provisions.
Soybean silos in Kansas, United States.
10 Oct 2018
“The short term is bad, but it’s actually the long term that’s more of a concern,” said Mike Steenhoek, executive director of the Soy Transportation Coalition. Brazil and Argentina have emerged as serious challengers to the once-dominant US position as the world’s top supplier of soybeans.
Port of Los Angeles.
09 Oct 2018
“Retailers are continuing to import merchandise in order to meet consumer demand even though tariffs are now in place on roughly half the goods imported from China and the trade war is still escalating,” Jonathan Gold, vice president for supply chain and customs policy at the National Retail Federation, said Tuesday.
A container ship accepting bunker fuel.
09 Oct 2018
Many shippers have created their own bunker adjustment factors (BAFs), but smaller beneficial cargo owners typically have to accept the BAFs proposed by ocean carriers. However, widespread distrust of the carrier fuel surcharge mechanism may have the effect of pushing more shippers towards coming up with their own BAF formula to have greater control of a process.
A UPS truck travels in San Francisco, California, United States.
05 Oct 2018
From warehousing to trucking, US employers are rushing to get workers in place for the peak shipping season — and another, likely substantial, increase in end-of-year e-commerce purchases and deliveries.
A container ship.
04 Oct 2018
In mid-May, top officials from Nepal, led by Nepal Ambassador to Bangladesh Professor Chop Lal Bhusal, visited Banglabandha land port to see the transit route and how the nation’s goods would reach Chittagong and Mongla ports.
A freight train travels across China.
04 Oct 2018
China’s government has invested billions in the China-Europe rail network, and volume, propelled by subsidies, has surged. However, those subsidies have created other downsides for shippers and the broader market.
Container ship bunkering in Japan.
04 Oct 2018
A survey conducted by global shipping consultancy Drewry found considerable unease among global shippers and forwarders ahead of the low-sulfur fuel implementation. Concern was expressed by respondents about ocean carriers’ methods of fuel cost recovery with more than half, 56 percent, stating that they did not consider their service providers’ existing approaches as either fair or transparent.
Port of New York and New Jersey.
03 Oct 2018
The port authority, after discussions with rule-implementer the New Jersey Department of Labor, is disseminating detailed information to truckers on the new rules, which the authority believes will have little impact on the drayage fleet and won’t affect many truckers.