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

17 Oct 2019
Peter Tirschwell, vice president, Maritime & Trade, IHS Markit discusses the International Maritime Organization's mandates for carbon emission reduction by 2050 and the most likely paths to reaching that goal.
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.
Rotterdam port.
03 Oct 2018
Rising transportation costs, the driver shortage, and accompanying rail and barge congestion have created challenging times for Europe’s shippers, to say the least. And then there’s the Brexit summit in two weeks.
Port of Long Beach.
03 Oct 2018
Free time periods have been reduced and tariffs for demurrage and detention have increased considerably. Marine terminals and ocean carriers counter that detention and demurrage encourages shippers to pick up and return containers in order to boost cargo fluidity that’s challenged by the larger discharges of mega-ships.
Rhine-Alpine Gateway.
02 Oct 2018
The Rhine-Alpine Gateway is one of Europe’s most important rail routes connecting the Mediterranean ports with the economic heartland of Central Europe, handling half of the trade between northern Europe and Italy via Switzerland.
Port of Dover.
27 Sep 2018
With 14,000 trucks crossing the UK-EU border every day and 53 percent of UK imports originating in Europe, shippers and logistics service providers are planning for the consequences of lengthy delays at border points should negotiations not result in a Brexit deal.
Trucks at the Port of Los Angeles.
26 Sep 2018
Set to take effect on Jan. 1, 2019, the bill will discourage retailers and other shippers from contracting with the companies that misclassify drivers by making the beneficial cargo owners jointly liable for any fines assessed on those operators.
Container stowage.
26 Sep 2018
The ocean carrier found that existing rules regarding the stowage of dangerous goods cargoes, which create their own oxygen and can’t be extinguished using standard carbon dioxide-based on-board firefighting equipment, to be inadequate and has implemented new procedures across its fleet.
Bharat Mumbai Container Terminals BMCT at JNPT.
25 Sep 2018
As trade concerns persist, the Maritime Association of Nationwide Shipping Agencies — representing local ship agents — called on authorities to address "still-unresolved" inland logistics challenges faced by ocean carriers and others at Bharat Mumbai Container Terminals.
A container ship at sea.
25 Sep 2018
The new bunker fuel adjustment factors will provide more insight concerning whether ocean carriers can recoup what they argue are increased operational costs for bunker fuel and for meeting the Jan. 1, 2020, low-sulfur mandate.
Port of Wilmington, North Carolina.
24 Sep 2018
After being shut down for a week and a half, the Port of Wilmington reopened its gates to truckers on Monday, and the work to reduce and eliminate the backlog of containers from before Hurricane Florence and from vessels discharging since last Thursday continues.
Radhanagar Beach, Andaman Islands, India.
24 Sep 2018
Transshipment trade represents freight transported between an Indian port and an international “hub” port, when direct mainline connections are not available.
Port of Santos with a ship approaching.
23 Sep 2018
Brazil’s weaker currency, an expanding global economy, and enduring international customers should bode well for the port of Santos. But shippers say inefficiency and a lack of renovation are delaying that. Now, a number of shippers’ groups want a different form of port management.
The Port of Los Angeles.
20 Sep 2018
Already chaotic and upended, the Trump administration’s proposed Jan. 1, 2019, 25 percent tariff on imports from China is causing importers to scramble for ocean, truck, and rail capacity — with the next ramification being the warehouse variable: will there be any space after the front-loading of imports?
Trucks at the Port of New York and New Jersey.
20 Sep 2018
The Teamsters union, which pushed for the rule change, believes a large proportion of the port’s trucker owner-operators could be found to be employees under the new rule. Truckers say the impact could range from merely creating an “administrative headache," to prompting some to leave the port, and perhaps the industry.
Chassis stack in the United States.
19 Sep 2018
The decision means the price of a chassis in the United States will likely rise by a substantial amount.
FMC, Rebecca Dye and Michael Khouri.
19 Sep 2018
Federal Maritime Commissioner Rebecca Dye Wednesday said her investigation into detention and demurrage will chiefly focus on developing uniform definitions and identifying the responsibilities of ocean carriers and marine terminal operators to make boxes accessible during free time.