China’s Ministry of Environmental Protection (MEP) concluded their latest round of month-long, on-site environmental inspections across eight local provinces. The Chinese government launched its first series of investigations in 2016, imposing over 440 million Yuan (65.4 million USD) in fines and holding 6,500 people accountable. Continue reading Environmental Inspections Shuts Down Chinese Manufacturing
A Florida-based importer caught the attention of the U.S. government for evading payment of anti-dumping and countervailing duties of bedroom furniture from China when a competitor brought the case to court under the False Claims Act. The importer is accused of classifying bedroom sets, dressers, beds, and nightstands as metal household furniture to intentionally avoid the 216.01% anti-dumping duty rate. Continue reading Spotlight on Wooden Bedroom Furniture Spurs AD/CVD
As participants in Customs‐Trade Partnership Against Terrorism (C-TPAT), Green Worldwide Shipping strives to inform our partners about importance of cargo security.
What is a bonded warehouse?
U.S. Customs and Border Protection (CBP) defines bonded warehouses as secured areas in which imported dutiable merchandise may be stored, manipulated, or undergo manufacturing operations without payment of duty for up to 5 years from the date of importation (19 U.S. Code § 1555).
Earlier this week, Cosco Shipping Holdings (Cosco) and Shanghai International Port Group (SIPG) jointly announced the acquisition of Hong Kong-based Oriental Overseas International (OOIL/OOCL) for $6.3 billion USD, pending regulatory and shareholder approval. Drewry, a leading maritime research, and consultation firm, dubbed OOCL “the perfect bride” because of the company’s proven track record of profitability and operational consistency. Cosco, who beat out CMA CGM interest, intends to maintain the OOCL brand, management, and operational processes since its new bride is already part of the Ocean Alliance – which also includes CMA CGM and Evergreen. OOCL brings with it a fleet of 66 container ships (44,000 TEU) that, in combination with Cosco, will overtake CMA CGM as the world’s third-largest container carrier. Continue reading Cosco Acquires “Perfect Bride” in OOCL, Ocean Carrier Pool Shrinks
The supply chain industry rarely gains notoriety in mainstream media – unless, of course, in the event of a catastrophic international disaster as with the recent cyber-attack of A.P. Moller-Maersk, the world’s largest cargo and freight carrier. You may recognize the Danish logistics conglomerate from their iconic seven-pointed star logo, incredible photography assets, or pioneering the first Triple-E class vessel to breach 18K TEU carrying capacity, but its latest debut in the news wasn’t a PR event. Continue reading Blockchain, the Irony Behind the Maersk Line Hack
This summer, Green Worldwide Shipping is privileged to have some wonderful interns working hard to learn the ins and outs of the industry. We’ve interviewed them to find out all they have learned so far on their break from school. Sun, sand, and the shipping industry– what else do you need for a great summer?
Adante’ Aguilar is a rising senior at the University of Tenessee, where he studies Supply Chain Management and Marketing. He works under Thomas Nolan, National Sales Director, as Green Worldwide’s Sales and Marketing Intern. Continue reading Summer Internship Spotlight: Sales Intern Adante’ Aguilar