Currently there are a half-million containers stranded worldwide due to the Hanjin bankruptcy. To deal with this crisis, Hanjin is setting up rapid response teams which will remain open throughout the Korean Thanksgiving this week. Hanjin is currently applying for bankruptcy protection in all necessary regions so vessels can arrive without risk of creditors seizing… Read more : Hanjin Managing Bankruptcy
The Food & Drug Administration (FDA) has allowed for comments to be provided on their proposed rule to codify new requirements on entries filed through U.S. Customs Automated Commercial Environment (ACE). Comments include (1) Processing times increasing by 50% under ACE; (2) Staffing increases of 40% required to timely process shipments; (3) New data elements… Read more : FDA ACE Regulations said to be Burdensome by Trade
Port Alerts
Recent Editions
09/14/2016
OCEAN PORT CONGESTION UPDATE
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