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February 2, 2017


Hanjin Appears Close to Liquidation Stage

A Seoul court has decided to end the bankruptcy protection of Hanjin Shipping, bringing the world's No. 7 shipping company to an end. The Seoul Central District Court ruled to end the receivership, and the court will likely rule for liquidation…

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February 2, 2017


‘Conflict Mineral’ Regulations May be Loosening

U.S. Securities and Exchange Commission Chair Michael Piwowar announced that the agency is reconsidering how companies should comply with the conflict mineral rule, according to Reuters. The rule requires manufacturers to tell investors if their products contain certain minerals from…

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February 1, 2017


What’s Next for NAFTA?

A Council on Foreign Relations report issued January 24 details the past, present, and possible future of this 23-year-old trade agreement.

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February 1, 2017


Elaine Chao Appointed U.S. Transportation Secretary

Reuters reports that Elaine Chao, a former top U.S. labor official, was sworn in on Tuesday to lead the U.S. Transportation Department. The department oversees aviation, vehicle, train and pipeline safety. The U.S. Senate voted 93 to 6 to confirm…

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February 1, 2017


Amazon to Build Huge Air Hub in Cincinnati

A new centralized air hub for Amazon at CVG will help the company meet demand from Amazon Prime members for fast, reliable delivery. When the new site opens, the company expects to create more than 2,000 jobs.

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February 1, 2017


Is Scrapping the Solution for Overcapacity?

The Loadstar reports that, according to industry analyst Alphaliner, at least 100 panamax-class containerships need to be scrapped if owners expect to see charter rates return to break-even levels. The classic panamax – ships of 4,000-5,100 teu – has struggled with…

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January 27, 2017


BIS Issues New Regulatory Requirement for Hong Kong

BIS Issues New Regulatory Requirement for Hong Kong On January 19, 2017, BIS published new regulatory requirements pertaining to Hong Kong. For additional information, please review the rule or the Frequently Asked Questions.

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January 27, 2017


CBP Announces Revenue Modernization

U.S. Customs and Border Protection has launched a multi-year, phased initiative to modernize the way it collects duties, taxes, and fees. The initiative will focus on eliminating inefficiencies such as collecting money through cash and checks, which can create delays.

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