Cape Town Port outage, Spain trucking strike cancelled, LA/LB container dwell fee postponed

South Africa – Transnet Port Terminals (TPT) and Cape Town Multipurpose Terminals (Cape Terminals) have declared force majeure over a power outage.  The power failure began at 7:30PM local time on December 20th and has since severely impacted terminal  operations.  They are working to provide backup power until it can be restored. Spain – Agreement was…

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EU will not double tariffs on American Whiskeys on June 1st, 2021

The U.S. and E.U. issued a joint statement on the start of discussions to address global steel and aluminum excess capacity and related tariffs.  In addition, the E.U. Executive Vice President Valdis Dombrovskis announced on Twitter that it will temporarily “suspend the increase of its rebalancing measures on U.S. 232 steel and aluminum tariffs.”  For…

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