Trump Promises a 25% Tariff on Products from Canada, Mexico
U.S. president-elect Donald Trump said on Monday that on his first day in office he will impose a 25 percent tariff on all products from Mexico and Canada, and an additional 10 percent tariff on goods from China, citing concerns over illegal immigration and the trade of illicit drugs.
Indian Shippers Brace for Port Strikes Over ‘Promises Not Kept’
Indian shippers are fearful of major supply chain disruptions after dockworkers called for strikes at key ports, claiming the government has failed to meet commitments.
MSC ‘to Offer Feeder Vessel’ to Get Stranded Canadian Cargo to Its Destination
MSC appears to have decided against leaving Montreal-destined shipments at the Port of Halifax, and is said to be set to provide a feeder service to ferry them on to the Quebec port, which had been hit by one of a spate of strikes across Canada.
Container Rates Up for Second Straight Week
Drewry’s World Container Index (WCI) went up seven percent, to US$3,444 per 40-ft container, last week, increasing for the second straight week after a steady decline since early July.
Forwarders Slam Canadian Government ‘Late Intervention’ in Port Strikes
Responding to labour minister Steve MacKinnon’s order to the Canada Industrial Relations Board (CIRB) this week to extend existing collective bargaining agreements and impose arbitration on all parties, one forwarder told The Loadstar: “The big question here is why the government waited until the damage was done before stepping in.
Port of Vancouver Operations Update – November 15
Operations started to resume on Friday at Port of Vancouver terminals.
Port of Montreal Operations Resumed Saturday
Operations were set to resume at the Port of Montreal as of seven o’clock on Saturday morning following the lockout of longshore workers.
CMA CGM Lone Container Line Undeterred by Red Sea Attacks
At least one major container carrier has continued to operate in the Red Sea despite a months-long campaign of violent attacks on the key global shipping route that has forced other lines to divert around Africa.
Trump Presidency Will Reignite U.S.-China Trade War and Threaten a Spike in Ocean Container Rates: Xeneta
Donald Trump’s victory in the U.S. presidential election is ‘a step in the wrong direction’ for international trade, as importers fear another spike in ocean container shipping freight rates.
Canadian Forwarders ‘Extremely Frustrated’ by Lack of Action to End Port Strikes
Canadian freight forwarders are “extremely frustrated” by the strikes across the country’s major ports, having to re-route cargo via the U.S.