In accordance with Customs and Border Protection’s (CBP) requirement that importers maintain all records pertaining to an importation for a period of 5 years from the date of importation, Deringer encourages all of our customers to use the end of the ye
(B)logistics: CBP Sends Compliance Letters, Introduces Surveys
Have you received a compliance letter from US Customs and Border Protection’s Regulatory Audit division? If so, then you may been selected to participate in a new CBP review process…
(B)logistics: Japanese Ocean Carriers Merge, Vessel Alliances Abound
The three largest Japanese ocean carriers, NYK, K-Line, and MOL announced a merger, which will create the sixth largest player in the ocean shipping business. Meanwhile, vessel sharing agreements (such…
Japanese Steamship Line Merger
On October 31, 2016, three Japanese steamship lines elected to merge their container businesses, which would create Asia’s second-largest box carrier and the world’s sixth-largest one overall. The merger, between Nippon Yusen KK (NYK), Mitsui O.S.K. L
World Customs Organization Releases 2017 HS Tariff Nomenclature
On October 28, 2016, the World Customs Organization released the 2017 edition of the Harmonized System Nomenclature (HS), the world’s global standard for classifying goods in international trade; the 2017 edition will enter into use on January 1, 2017.
(B)logistics: Is PierPass Passed its Prime?
PierPass was established in 2005 to help curb port and highway congestion in and around the ports of Los Angeles and Long Beach. However, is it still effective or has…
(B)logistics: FMC’s Supply Chain Innovation Team Will Benefit Shippers
A leader on the Federal Maritime Commission’s Supply Chain Innovation Team, Mark Hirzel, discusses how the group is hoping to transform port efficiency. Chassis providers, terminal and drayage operators, freight…
October GRI Implemented
Major steamship lines have implemented an October 15, 2016, General rate Increase (GRI) for transpacific cargo from the Far East and India to the US and Canada. While early indications pointed towards a significant rate increase, Deringer has observed rat
(B)logistics: Playing Hardball…Containers in Limbo, Ports Work to Increase Chassis Availability
The situation with Hanjin continues to be complicated – with limited chassis availability and shippers’ claims of additional charges incurred. The next Hanjin hearing, for Judge Sherwood, is on October…
Wall Street Journal Quotes Mark Hirzel
Since company's bankruptcy, thousands of empty shipping containers have been piling up. Now, a plan is forming
