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 READINGIndustry Resources
Learn about IHA’s cost-saving programs, including the International Housewares Shippers Association, designed to help members grow their business!
IHA 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…
CONTINUE READINGIHSA to Introduce “Core Carrier” Program
The carrier landscape has changed dramatically over the last five years. Carrier consolidation has been a game changer. With fewer entities, the carriers now have a much greater ability to manage capacity in their favor. We believe the carriers will continue to manage capacity for the foreseeable future. To help combat this serious issue, IHSA will be nominating four carriers…
CONTINUE READINGContract Negotiations Bring Many Questions for Shippers
The 2018 peak season in the Eastbound Transpacific market has thankfully come to an end. Carrier capacity constraints and an unprecedented increase in volume caused rates to skyrocket and created a space crisis that crippled US supply chains. Shippers are hoping that 2019 will offer some stability leading up to the 2019-20 ocean contract negotiations. Unfortunately, the one…
CONTINUE READINGA Tariff Update: Initial Implications of the “90-Day Hold”
China and the United States held high-level trade talks at the G20 in Argentina and although many of the details are unknown or being debated, the decision to halt additional tariffs is a welcome development to housewares manufacturers and retailers. The planned increase to “List 3” tariffs from the current 10% level to 25% on January 1, 2019 was going to be painful to the…
CONTINUE READINGMore Capacity Management Expected from the Carriers
Shippers hoping that 2019 will bring some much-needed stability to their rates and supply chains may be disappointed. Carriers have already informed shippers that capacity management will be a major point of emphasis moving into 2019 and 2020. Shippers have been experiencing higher freight costs and disruptions in their supply chains since August 2018. Further cuts in carrier…
CONTINUE READINGAsia to U.S. Space Crunch Persists
The space crisis has been dominating the Asia to U.S. market since the end of June 2018. The crisis continues to cause major disruptions in import supply chains and increase freight costs of container shipments to the United States. The experts that project supply/demand balances were way off the mark leaving no warning of an impending space crunch to importers. In a two-week…
CONTINUE READINGLeana Salamah Named VP, Marketing at IHA
The International Housewares Association (IHA) announced today that Leana Salamah has joined the Association as vice president, marketing. Salamah has 20 years’ experience in marketing, including trade show, association and event marketing, and is replacing Derek Miller who became IHA president Oct. 1. She will be responsible for overall management of IHA and International…
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