ZIM delays IPO and its CEO resigns
Zim Integrated Shipping Services Ltd. has announced that Rafi Danieli is resigning from his role as CEO. The announcement comes three days after an Israeli newspaper claimed that the carrier delayed an initial public offering (IPO) on Wall Street reportedly planned for the first half of 2016. More…
Manufacturers Group Backs Trans-Pacific Partnership
The endorsement is a major one for the 12-nation trade pact that must be approved by Congress. More…
CBP Chicago Finds Destructive Medfly in Air Cargo Shipment
CHICAGO—U.S. Customs and Border Protection (CBP) Agriculture Specialists conducting cargo inspections at the O’Hare International Airport recently discovered an infestation of Mediterranean fruit fly larvae (Ceratitis capitata) in three shipments of bell peppers from Spain. More…
Mixed fortunes for top US west coast container ports in 2015
The Port of Los Angeles recorded a 2.1% drop in container throughput last year to just under 8.2m teu, in contrast to neighbouring Long Beach, which handled almost 7.2m teu, a jump of 5.4%. More…
ACE and Automated Systems
CBP automated systems electronically support the facilitation of importing and exporting goods. By the end of 2016, the Automated Commercial Environment (ACE) will become the Single Window – the primary system through which the trade community will report imports and exports and the government will determine admissibility. More…