Archive for December 2020
US Trade Office Adds 25% Tariff to cognac and non-sparkling wines from France and Germany
The US Trade Office announced today an unexpected last hour modification to tariffs and products subject to tariffs in part of the ongoing civil aircraft dispute. This comes before the next scheduled tariff carousel review in February 2021 and dampens current negotiations between US and EU. The announcement today is a response to…
Read MoreHillebrand Operations Update 12/23/2020
Hillebrand continues to move forward with restoring IT systems that were taken offline as a precautionary measure due to the cyber incident. Email systems are back online, but office lines in some North American offices are still offline. Updates and FAQs are online at www.hillebrand.com and you can also reach out to your Hillebrand representative…
Read MoreCraft Beverage Excise Tax Legislation passes Congress!
The omnibus appropriations and COVID-19 stimulus package passed by the House and Senate included legislation to make the tax reductions from the Craft Beverage Modernization Tax Reform Act (CBMATRA) permanent. The next step is for the legislation to be signed into law. Key highlights of the tax reductions are recapped in this press release from…
Read MoreCorrection: Hapag Emergency Equipment Surcharge
Earlier this week we advised that Hapag Lloyd had announced an emergency surcharge from North Europe (excluding United Kingdom and Ireland) to North America. This surcharge will also apply from South Europe / Mediterranean (Italy, Spain, Portugal). The surcharge of USD 100 per TEU (USD 100 per 20 foot container and USD 200 per…
Read MoreHillebrand Cyber incident update 12/21/2020
We can confirm that Hillebrand was subject to a cybersecurity incident, which is now contained. Last week they took precautionary measures to restrict access to servers with took IT systems offline. Hillebrand is currently in the process of restoring servers and business applications. As of today, their email system is back up and running. If you…
Read MoreCraft Beverage Excise Tax – Legislative update
The comprehensive omnibus appropriations and COVID-19 stimulus package announced by Congressional leaders includes permanence for the Craft Beverage Modernization and Tax Reform Act (S. 362/ H.R. 1175), which provides significant tax benefits for the wine, spirits and beer industry. The House and Senate are expected to vote on the legislation on today.
Read MoreHapag-Lloyd Emergency Equipment Surcharges
Due to the ongoing equipment shortage in Europe, overall re-positioning costs for carriers have increased significantly. Hapag Lloyd is the latest shipping line to announce an emergency surcharge from North Europe (excluding United Kingdom and Ireland) to North America. The surcharge will be USD 100 per 20 foot container and USD 200 per 40 foot…
Read MoreNY/NJ Port Terminals to reopen 12/18/2020
Following today’s closure for winter weather, Maher terminals will reopen Friday at 8AM and will extend gates until 9PM local time for all moves except reefer cargo, which remains at 7PM. On Saturday 12/18/2020 Maher Term. & Elizabeth Chassis Depot will be OPEN from 7AM-3PM, for import deliveries (Dry Cargo Only) & empty returns at…
Read MoreHillebrand Cyber incident update 12/17/2020
Our shipping partner Hillebrand was subject to a cybersecurity incident which is now contained. As a result of the incident, Hillebrand took the precautionary measure of restricting access to our servers which took IT systems temporarily offline. As a priority Hillebrand directly launched a comprehensive investigation to assess the situation and notify customers and staff.…
Read MoreWinter Weather closes NY/NJ Port Terminals
Due to winter weather the Port of NY/NJ terminals are CLOSED today December 17, 2020. (Maher Terminals, APMT, and GCT Bayonne closed gates at 3PM local time yesterday 12/16). Friday 12/18, Maher will resume normal gate ops. at 8AM. Maher will extend gates until 9PM 12/18 for all moves except refer cargo, which will remain at…
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