The global liquefied natural gas (LNG) market has a new player with the inauguration of a floating LNG export terminal offshore of Altamira, Mexico. Nasdaq-listed New Fortress Energy (NFE) has launched FLNG1, a floating terminal that represents a significant step forward for U.S. LNG exports. Although the terminal is located in Mexican waters near Tampico, […]
After a challenging year for global trade, there are positive signs that the tide is turning. According to the World Trade Organization (WTO), global merchandise trade is on a path to recovery. In a recent report, the WTO revealed that its goods barometer, which tracks the volume of global trade, has risen to 103—up from […]
The world’s largest sailing cargo ship, Anemos, has successfully completed its maiden voyage across the Atlantic, marking a significant step toward sustainable shipping. The 266-foot vessel, commissioned by French company TOWT, left France in early August, carrying 1,000 tonnes of cognac and champagne to New York City. The journey is a milestone for eco-friendly maritime […]
The world of U.S.-Mexico cross-border trade continues to evolve, with major developments aimed at enhancing logistics, expanding operations, and improving food supply chain safety. One notable advancement is the introduction of Wiliot’s AI-powered chatbot, designed to address food safety concerns in a supply chain increasingly vulnerable to disruptions. As U.S. food imports are expected to […]
US Customs and Border Protection (CBP) is increasing its scrutiny of customs brokers as the surge in e-commerce shipments poses new compliance challenges. With less comprehensive data required for smaller e-commerce packages compared to larger freight shipments, customs brokers are under growing pressure to navigate complex regulations while ensuring adherence to CBP’s mission. Additionally, CBP […]
August saw significant growth in transportation capacity, coupled with a slowdown in price increases, according to the latest Logistics Managers’ Index (LMI) report. The LMI, which surveys supply chain executives monthly, recorded a reading of 56.7 for transportation capacity in August, marking a 5.8-point increase from July and the highest level since May. In this […]
As the U.S. Customs and Border Protection (CBP) ramps up its scrutiny of importers’ supply chains, customs brokers are finding themselves under increasing pressure to invest in technology. The focus is shifting from merely facilitating trade to ensuring compliance with complex regulations, placing customs brokers in a pivotal role when it comes to regulatory risk […]
5/28/2024 Written By Stephania Bonnet In the ever-evolving landscape of global trade, the accuracy and specificity of merchandise descriptions have never been more critical. U.S. Customs and Border Protection (CBP) has taken significant steps to reinforce the requirements outlined in 19 CFR 141.86. This regulation mandates that importers provide detailed descriptions of their merchandise, ensuring […]
The Rhode Island Airport Corporation (RIAC) has secured a significant boost in federal funding, with a $9.2 million grant allocated for the continued development of a new cargo facility and aircraft parking apron at TF Green International Airport. This project marks a major step forward in the airport’s evolution, reinforcing its role as a key […]
As e-commerce continues to expand, US Customs and Border Protection (CBP) is increasingly turning its attention to customs brokers, who now find themselves at the forefront of ensuring compliance amid a surge of smaller, less-documented shipments. This growing focus on brokers marks a significant shift in the regulatory landscape, as CBP seeks to address the […]
