April 2014 Blog Posts (10)

Harbor Maintenance Tax

The Harbor Maintenance Tax is an interesting component of the US freight shipping process. Essentially, shippers pay this tax, which is calculated on the value of the cargo that is being shipped into US ports. The Harbor Maintenance Tax brings in annual revenue of about $1.6 billion. Those funds are used specifically to cover the costs of projects at the various US ports, such as dredging projects. That is why when a shipper gets an …

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Added by Steven Lerner on April 29, 2014 at 4:12am — No Comments

5 Aspects of the Shipper’s Export Declaration Form

The Shipper’s Export Declaration form is a US Census requirement for single commodities more than $2,500 in value. It is valuable in ocean freight shipping. All shippers should speak to their freight forwarder if they have any questions regarding this form. Here are five common questions about…

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Added by Steven Lerner on April 24, 2014 at 4:30am — No Comments

Filing a Freight Claim

Sometimes when you are shipping international ocean freight, there could be numerous obstacles and problems that occur in the transportation process. The result of these problems could result in a loss or damage to your cargo. When this occurs, it is expected that the shipper will file a claim with the ocean freight carrier, or with the freight forwarder.

The objective of…

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Added by Steven Lerner on April 22, 2014 at 4:03am — No Comments

Filing a Freight Claim

Sometimes when you are shipping international ocean freight, there could be numerous obstacles and problems that occur in the transportation process. The result of these problems could result in a loss or damage to your cargo. When this occurs, it is expected that the shipper will file a claim with the ocean freight carrier, or with the freight forwarder.

The objective of…

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Added by Steven Lerner on April 22, 2014 at 4:01am — No Comments

Transpacific Stabilization Agreement

Brian Conrad, the head of the Transpacific Stabilization Agreement, recently spoke at an event to warn about the uncertainties that will greatly impact the international freight shipping industry in the future. Those uncertainties that Conrad was referring to include labor disruptions, rising expenses, new shipping alliances and the changing supply and demand in the industry. Conrad knows what he is talking because he is the head of the Transpacific…

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Added by Steven Lerner on April 17, 2014 at 4:05am — No Comments

Merging the Ports of Long Beach and Los Angeles?

To say that the Port of Long Beach and the Port of Los Angeles have a little rivalry with each other would be a bit of an understatement. There has been, and in many ways still, a heated rival that existed between both mega ports. Over the years, both ports have taken away container shipping clients from each other and disagreed on numerous projects.

Recently, the LA 2020 Commission, which is a comprised of several notable business and civic leaders,…

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Added by Steven Lerner on April 15, 2014 at 3:51am — No Comments

Volatility

People often say that there is volatility in the ocean freight industry, but what exactly do they mean by this statement? From a business standpoint, volatility describes the measurement of a price during certain times. But what could this mean in terms of the shipping industry? We all know that the industry is constantly changing. There are new carrier partnerships, like the P3 alliance, and other variables that impact the prices that shippers are paying…

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Added by Steven Lerner on April 10, 2014 at 4:05am — No Comments

Disadvantages of Flexitanks

Shippers are always looking for new options for transporting their cargo overseas. One type of container that is used in ocean freight shipping is the flexitank. Essentially, a flexitank is a special type of transportation shipment for bulk non-hazardous liquid. A traditional 20-foot container surrounds the liquid capacity. Some shippers approach their freight forwarder, with…

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Added by Steven Lerner on April 8, 2014 at 4:06am — No Comments

Current Capacity Issues

With the 2nd quarter of the fiscal year complete, and businesses are carefully reviewing the current state of their industries to make the right choices for the next fiscal quarter. In particular, the shipping industry had an interested 2nd fiscal quarter. There was major news concerning international cargo shipping that occurred in the past few weeks. A big story concerns a new study released by consulting firm AlixPartners. The study…

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Added by Steven Lerner on April 3, 2014 at 4:07am — No Comments

Dredging Ports for Large Ships

Dredging services have always played an important role in the development of our ports in the US. And in many ways, the container shipping industry would be immensely different if not for the help that dredging has played. Essentially, the dredging process involves the movement of sediments that are in or near the water and the ports. The goal of the dredging project involves making more space for the ocean vessels to navigate and be at the…

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Added by Steven Lerner on April 1, 2014 at 4:07am — No Comments

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