Curbing Counterfeits
On Dec. 29, 2022, President Biden signed an omnibus bill to fund the federal government for remainder of Fiscal Year 2023 ending Sept. 30. The Consolidated Appropriations Act, 2023, provides $1.7 trillion for agencies and programs, and the 4,000 page bill also includes unrelated legislative items that hitched a ride for final passage. One important […]
New Container Vessels Poses a Problem for the Carriers
Ocean carriers have a problem on their hands. Aside from a lackluster Asia to U.S. shipping market, carriers are about to be inundated with brand new containerships. This couldn’t happen at a worse time for the carriers. They are already being forced to slash freight rates to unprofitable levels in an effort to fill container […]
