Trade and tariff issues are a priority on the IHA’s government affairs agenda, with tariffs on China being the main concern. Hopefully, a “phase one” deal between the U.S. and China can be finalized to bring some relief from the 16-month trade war that’s disrupted global supply chains, but until a deal happens the tariff exclusion process and/or sourcing alternatives to China…
CONTINUE READINGIndustry Resources
Learn about IHA’s cost-saving programs, including the International Housewares Shippers Association, designed to help members grow their business!
IMO 2020 Mandate – Delays and Uncertainty
Carriers are still struggling to provide firm information on how they intend to handle the International Maritime Organization (IMO) mandate to reduce marine pollution effective January 1, 2020. In two months, vessels will be required to have sulfur emission levels less than 0.5%. The carriers have publicly stated that this new mandate will cost the container shipping industry…
CONTINUE READINGUPU Agreement a Win for Housewares Industry
The housewares industry realized a victory when the Universal Postal Union (UPU) agreed in September to revise international shipping rates to not discriminate against U.S. shippers. Founded in 1875, the UPU sets postal rates among its member countries and had a formula where it cost about $20 to mail a small parcel in the U.S., but about $5 from China to the U.S. The…
CONTINUE READINGDemurrage and Detention
Shippers have been complaining for years that the rules governing demurrage and detention are unfair. Shippers are required to pick up and return ocean containers to the terminal within a specified number of days. Failure to do so will result in fees to the shipper known in the industry as demurrage and detention. Marine terminals and carriers say the potential to be…
CONTINUE READINGSpot Rates Remain Volatile
Ocean container spot rates from Asia to US West Coast ports increased 25.6% for the week ending August 30th. This is welcome news for the carriers who have been battling declining spot rates for much of the peak shipping season. The good news may not last long for the carriers. Industry experts believe this sharp increase in spot rates will quickly fade away unless…
CONTINUE READINGCarriers Expected to Fabricate Strong Peak Season
Analysts are now predicting that the peak shipping period from Asia to the US will be mild. This prediction is in stark contrast to last year’s peak when available space on ships was tough to secure. Many shippers were forced to pay hefty rate premiums to move cargo during their preferred shipping windows. Conventional wisdom would suggest that the prediction of a mild peak…
CONTINUE READINGIMO 2020 Will Impact Multiple Stakeholders
The International Maritime Organization (IMO) has developed several mandates to reduce marine pollution. Effective January 1, 2020, container vessels will only be allowed to use fuel with a maximum sulfur content of 0.5%. The current regulation allows for fuel with a sulfur cap of 3.5%. The cost of this new mandate is going to impact multiple stakeholders in the shipping…
CONTINUE READINGIHA Encourages Member Action on Latest Proposed Tariffs
With the most recent list of proposed tariffs affecting the housewares industry, the International Housewares Association is encouraging members to contact their congressional representatives or provide comment to the United States Trade Representative (USTR) on the tariffs’ effect on their business. The List 4 China 301 tariffs proposes up to a 25 percent tariff rate on…
CONTINUE READINGOcean Contract Negotiations Moving Forward
The 2019-20 ocean contract negotiations have officially begun for cargo moving from Asia to the United States. Based on the initial proposals from the ocean carriers, it is clear they are trying to capitalize on last year’s space crisis. Carriers stated earlier this year that shippers should expect to pay higher rates in the 2019-20 ocean contracts. Further, they stated that…
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