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Archives March 2018

Blockchain and Cryptocurrency will usher in a New Era for Supply Chains

Last update on March 29, 2018.

Blockchain and Cryptocurrency will usher in a New Era for Supply Chains

By Gavin van Marle 23/03/2018
Major shippers of perishables are expecting widespread adoption of blockchain technology and cryptocurrencies in the next decade.
At the recent TPM conference in Long Beach, Chayenne Wiskerke, chief executive of Wiskerke Onions, the world’s largest shipper of onions, said cryptocurrencies could potentially solve one of the largest problems her company faced.
“At least 40% of my trade is with Africa and the main challenge is a shortage of liquidity in many countries. We have a lot of problems getting payments and, while it’s currently one step too far to use cryptocurrencies ...

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FMC Opens Formal Investigation Into Detention and Demurrage

Last update on March 26, 2018.

FMC Opens Formal Investigation Into Detention and Demurrage

Mr. Gabriel Rodriguez, FCBF's 1st Vice President of Freight Forwarding will be meeting with Commission Dye to represent your comments and information. All information will be held in strict confidence. There will be no attribution or naming of individual companies in any report that is issued, as the source of that information will remain confidential to the Commission. Accordingly, there should be no concerns that participating or providing information to Commissioner Dye through FCBF will result in any retaliation by the carriers or the complication of business relationships. Please submit specific examples of shipments where these problems were incurred ...

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U.S. Ports Stand to Benefit from FY2018 Budget

Last update on March 23, 2018.

U.S. Ports Stand to Benefit from FY2018 Budget

Source: BY MAREX 2018-03-22 21:09:00
The U.S. House and Senate are close to agreement on a $1.3 trillion omnibus spending bill for FY2018, just ahead of a Friday deadline that would require them to pass a stopgap budget to avoid another government shutdown.

The long-awaited passage of a full FY2018 budget would be good news for the U.S. military, which depends upon annual appropriations measures (rather than short extensions) for its procurement programs. The House version of the bill, which passed Thursday, adds $61 billion to the defense budget over last year's levels, including ...

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China 'Prepared' for Trade War, Unveils Response to Trump Tariffs

Last update on March 23, 2018.

China 'Prepared' for Trade War, Unveils Response to Trump Tariffs

By Fran Wang and Pan Che
Source: Caixin
China on Friday warned that the U.S. risks dragging bilateral trade relations “into danger” after President Donald Trump announced new tariffs on Chinese goods and Beijing released a plan to impose taxes on $3 billion worth of American imports.

China’s Ministry of Commerce blasted the U.S. move as underscoring “typical unilateralism and trade protectionism” and said it would take action to protect the country's interests.

“China does not want to fight trade wars. Yet China is absolutely not afraid of trade wars,” an unnamed commerce ministry spokesperson said ...

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“Significant progress” made in NAFTA negotiations, says CPMA

Last update on March 9, 2018.

“Significant progress” made in NAFTA negotiations, says CPMA

The Canadian Produce Marketing Association (CPMA) is pleased with the progress made during the seventh round of negotiations on the North American Free Trade Agreement (NAFTA) which concluded today in Mexico City.
The closing of the Good Regulatory Practices Chapter, the Sanitary and Phytosanitary Chapter and significant advances on biotechnology demonstrate that negotiators in all three NAFTA countries are working hard to achieve a successful outcome, the organization said.
“The advancements made in key chapters for the fresh produce industry demonstrate that significant progress is being made during the NAFTA negotiations,” said CPMA president Ron Lemaire.

“While we are pleased ...

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Effort to help bolster U.S. shellfish market by taking mutually beneficial steps to resume

Last update on March 8, 2018.

Effort to help bolster U.S. shellfish market by taking mutually beneficial steps to resume

Seafood is an important part of a healthy diet and a high-quality source of nutrients, so it’s not surprising that seafood is one of the most highly-traded commodities in the world. I recognize that a lot of work happens between catching a fish or harvesting shellfish to when it gets to our plates for our families to safely enjoy. Bringing fish to Americans begins with the harvesters and fishers and involves shuckers, processors, distributors and retailers that all work with regulatory agencies to make sure standards of food safety are met whether fish is harvested at home or abroad ...

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