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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…
Read MoreEU 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…
Read MoreCorrection: New West Mediterranean Bunker Levels for May 2021
There is a correction to the levels on the new West Mediterranean to USA bunker for next month. Note the rate levels for this shipping trade in the table below: US Port Region / Equipment 20′ Dry 40′ Dry 20′ Reefer 40′ Reefer Europe* to USA East Coast/Gulf $269 $538 $390 $780 Europe* to USA…
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