Insights

Stay Up to Date with the latest Laufer Market Letters and Whitepapers

cargo insurance coverage
Is Your Cargo Adequately Insured Against Loss?

The worst time to realize you need insurance is after a loss event. If you typically don’t insure your cargo, now is a good time to reevaluate that option to make sure you are adequately covered in the event of a loss. Marine cargo insurance is comparatively affordable and protects…

May 19, 2022

Labor Negotiations at US West Coast Ports: What Can We Anticipate?

All eyes and attention are on the renewal status of this year’s master labor contract between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) set to expire on July 1, 2022. The significance of the expiry and renegotiation of this agreement cannot be overstated as…

May 05, 2022

Transpacific Eastbound Market Update – Week 18, 2022

Market Conditions – As market leaders try and predict future surge levels due to the Shanghai Covid lockdowns, it seems likely that any potential surge will coincide with ramp up of back-to-school and year-end holiday seasonal consumer products. Most importers are unwilling to tempt fate waiting to place orders on…

May 05, 2022

Blogs

US Customs – Fool Me Once or Not at All? Understanding Customs Fraud, Penalties and what not to do.

Apr 21, 2022
When cargo enters the US, there are a list of “standard” fees that must be paid to US Customs, such as duty, HMF, MPF, etc. Paying invoices for these fees is part of daily business practice for many importers. Outside of these charges, less common, but impactful Customs penalties can be issued.
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Market Letters

Transpacific Eastbound Market Update – Week 15, 2022

Apr 14, 2022
The recent Shanghai lockdowns have significantly impacted container departures out of Shanghai and surrounding ports. Many origins in Central and Northern China have seen volumes drop off by as much as 20%-30%, with Shanghai closer to a 60% reduction. Do we run into a situation where market volumes bounce back after the slack period at the same time Shanghai backlog starts to clear? Further complicating supply chains stability this shipping season, is the expiration of current ILWU contract on July 1st. If history is any indication, the potential for further disruption exists due to labor slow down which would only add to the ongoing congestion chaos plaguing West Coast ports.
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Blogs

Supply Chain Labor Challenges: Ongoing and New Uncertainties for 2022

Mar 30, 2022
While automation has transformed manufacturing among other industries, the delivery of physical goods still relies intensively on human labor. Many experts predict that labor constraints, pandemic-related and otherwise, will continue to create headwinds for importers as consumer demand remains high through 2022.
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