Logistics Publications

Typhoon In-Fa hits East China

Posted on August 02, 2021. Category: Logistics Publications, Trade Publications

Recently, East China's Zhejiang Province upgraded its emergency response to Typhoon In-Fa to the highest Level I from July 24, Saturday at noon. Shanghai maintained the second-highest level of warning against typhoon and the third-highest level of warning against rainstorms on Sunday since issuing the alerts on Saturday afternoon.The Typhoon is moving northwestward at a speed of 15 km per hour and bringing heavy rain and storm in the eastern or northeastern coastal areas of Zhejiang and Shanghai.Shanghai Yangshan Port has evacuated hundreds of vessels as the wind force off the coast will continue to strengthen. All large container...

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The Importance of Export Screening

Posted on July 15, 2021. Category: Logistics Publications, Trade Publications

U.S. Exporters must comply with all U.S. export regulations regardless of the volume or value their exports. A major component of U.S. export law is Restricted Party Screening, also known as Denied Party Screening.The U.S Departments of State, Commerce and Treasury as well as other countries have constructed the restricted party lists. The lists identify parties with whom business should not be conducted. Some of examples of the lists are:Denied Persons List Unverified List Entity List Specially Designated Nationals List Debarred List Sectoral Sanctions Identifications (SSI) List Foreign Sanctions Evaders ListScreening is of...

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International Energy Agency Look into Oil After Covid

Posted on July 09, 2021. Category: Logistics Publications

As life begins to resemble what was once normal pre-pandemic, the impact of Covid-19 is still being felt in the form delays and shortfalls across all industries. The oil and gas industry, for example, was severely impacted since most people did not commute as much in the last year causing demand for gasoline to fall dramatically. The International Energy Agency originally projected a decline of 90,000 barrels of oil in 2020 as compared to 2019. Pre-pandemic, the IEA projected an increase of 800,000 barrels. China, the world’s top energy consumer, was hit the hardest and thus had a devasting toll on demand....

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China Removes VAT Rebate on Certain Steel Exports

Posted on June 21, 2021. Category: Logistics Publications, Trade Publications

China Removes VAT Rebate on Certain Steel ExportsEffective May 1, 2021, a 13% VAT rebate no longer applies to many steel products upon their exportation from China.146 products are impacted by these new regulations, including but not limited to pig iron, seamless and ERW pipes, wired rods, rebar, alloy, and stainless bards and rods, cold-rolled steel, hot-rolled coils, hot rolled steel, as well as structural and flat products.This change in export policy coincides with reductions on import tariffs for such steel items as billets, pig iron, crude steel, and recycled steel raw materials.The Chinese government appears to feel that decreasing...

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Importance of Data Accuracy

Posted on May 24, 2021. Category: Logistics Publications, Trade Publications

Businesses rely on data to make important and costly decisions.  Logistic business decisions rely upon available data.  While much attention is given to the outcome or presentation of these decisions, how much attention is given to the creation of the data used?  Where does the stream of data begin?  Who or what produces the first bits of data everyone else will be using? What controls are put into place at each stage of data input to increase accuracy?            Many of those questions need to be addressed by management or at...

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At a Glance: Q2 2021 Logistics Bulletin Summary & Outlook

Posted on May 17, 2021. Category: Logistics Publications, Trade Publications

AirGlobal air volume, measured in CTKs, reached an all-time high in March. Volume is likely to continue increasing throughout 2021 based on market indicators. (1) Air cargo capacity is slowly returning to the market when compared YoY but is still behind 2019 levels by 12%. The supply of capacity can’t meet the shipping demand and so rates are likely to continue increasing. Rates are projected to increase by an average of 17% globally in Q2, with China-outbound lanes increasing by up to 60%. (2) Airlines are not planning to increase their fleet size for the summer amidst concerns of a 3rd COVID wave and...

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7 Excel Productivity Hacks You Need to Know

Posted on May 17, 2021. Category: Logistics Publications, Tax Publications, Trade Publications

Microsoft Excel is a key software that is especially relied upon by tax professionals who, despite seeing excellent innovations in tax technology in recent years, still rely upon Excel heavily to conduct their duties. This article from Allyn Tax’s business analyst team identifies some helpful tips and tricks you can use when working in Excel.Advanced SelectThis helps you make changes to a particular object in an entire sheet.Consider the below scenario where you would like to highlight the delayed status as red.Go to: Find & SelectClick Find. Type the item that you would...

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Egyptian Authorities: Claims for the Changci Reduced to US$ 600 million

Posted on May 11, 2021. Category: Logistics Publications, Trade Publications

According to the report from Shipping Network on May 10, the Suez Canal Authority proposed that the authority would cut its owner’s claim by one-third for the container ship Ever Given that blocked the Suez Canal for nearly a week. The 400-meter-long ship is owned by Shoei Kisen Kaisha Ltd. and was stuck in the canal for six days during the lease by Taiwan’s Evergreen Line. Osama Rabie, chairman of the Suez Canal Authority, told MBC Masr that the Egyptian side reduced its claims by one-third for the container ship owner who blocked the Suez Canal in...

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Does Working at Home Work For You?

Posted on May 05, 2021. Category: Logistics Publications, Tax Publications, Trade Publications

It has been just over one year of working remotely due to the Covid-19 pandemic and while some find themselves wondering how they ever functioned outside the comfort of their homes, others are itching to be back in the office. While you may feel a certain way about your work from home situation, here are a few things to consider:ProsNo Commute: Eliminating the transportation to and from the office saves employees time, money and reduces stress as well. according to the U.S. Census Bureau's 2019 American Community Survey, the average American’s commute is 26.9 minutes. Quiet...

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The RFQ Story

Posted on April 29, 2021. Category: Logistics Publications, Trade Publications

RFQ…. Many of you are familiar with the acronym RFQ. A request for quote (RFQ) is a process in which a company selects certain suppliers and contractors to submit price quotes and bids for the chance to fulfill specific tasks or projects, like the movement of freight. However, some of you may not know how our Logistics Team uses a very automated Support Central process to accomplish this.There are typically six steps in an RFQ: prepare RFQ, define Supplier list, send out RFQ’s, receive responses, analyze results, select the winner and notify...

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