News

SEPTEMBER 2016 NEWSLETTER - A FOR THE IDEA, D FOR IMPLEMENTATION

In a ruling late last year, the Federal Maritime Commission (FMC) adopted a

change requiring all Ocean Transportation Intermediaries (OTI’s) to renew

their registration for foreign NVO’s or renew their licenses for Domestic

NVO’s every three years. Previously, OTI registration and license renewals

were not required. With the first required license renewals due recently, it

appears those organizations affected first are the foreign-based NVOCC’s.

JUNE 2016 NEWSLETTER - THE YEAR OF COMPLIANCE

In a year when all things normal seem to be in a flux, the world of compliance can become lost among other world events that dominate our daily attention. The fact remains that compliance is a crucial element of the international tradelandscape and should not be forgotten or escape the attention of those impacted by these regulations, namely the carriers, manufacturers, importers and exporters . . . Read the full newsletter by clicking the PDF link below.

MAY 2016 NEWSLETTER - TO BUY OR BUILD

The Velocity Channel is awash with TV shows covering the details of car-guys and gals who take old Junkers and turn them into pristine, better than new hot rods. These gems are customized to appeal to a particular person, conform to his or her sensibilities, and offer all those elements that appeal to their entertainment and driving rush. There is no doubt that these transformed cars are miracles of technology, comfort, performance and aesthetic. What they are not, however, is cheap. While these vehicles are completed in the hourlong time frame of the shows, they actually take much longer to build out and mostly at a cost well over the planned budget . . . Read the full newsletter by clicking the PDF link below.

APRIL 2016 NEWSLETTER - IT'S ALL ABOUT THE TONNAGE

In reading recent trade journals it continues to be difficult to find anything that points to a turnaround in the ocean transportation business during the next 12 to 18 months. Instead there is a litany of common indicators suggesting continued struggles:

• Charter rates have fallen steadily over the last five to six months.
• Indices in all the major trades reflect record lows.
• Most market growth is projected to be around two percent though added tonnage will increase by eight percent.

It’s the last point that is really the key. Until carriers begin to match their supply with demand they will continue to suffer the consequences of poor forecasting and lack of discipline. . . . Read the full newsletter by clicking the PDF link below.