The Bureau of Industry and Security (BIS) of the U.S. Department of Commerce recently published an update to the Section 232 Steel and Aluminum Tariff Exclusions Process which will go into effect on July 1st, 2024, and we wanted to bring this to your attention. BIS has revised the process for requesting exclusions from the […]

Recent news on the results of the 4-year review on China Tariffs confirms the Office of the United States Trade Representative is proposing significant changes, increases, on specific products and no reductions on tariffs currently in place.  The exclusion process will be limited to some machinery used in domestic manufacturing and possibly some solar manufacturing […]

Understanding the Red Sea Crisis and Its Impact on Global Shipping Rates: In recent developments, the shipping industry has been facing significant disruptions due to a series of attacks by Houthi militants in the Red Sea. This volatile situation has led major shipping companies like Maersk and Hapag-Lloyd to divert their vessels away from the […]

Cargo theft has become a growing concern for shippers, with incidents on the rise. According to CargoNet, there was a 59% increase in theft and pilferage incidents in the U.S. and Canada during the third quarter, with strategic thefts soaring by a staggering 430% year over year. As the holiday season approaches, the threat is […]

Are you sending funds overseas in large amounts? Do you need to convert those funds into foreign currency? With BestShip, you’ll save on the conversion rate, funds will be available sooner and you will learn to hedge the market and protect yourself from the currency fluctuation. Our specialized software along with our strong network of […]