Maersk Line to Buy Hamburg Süd
Maersk Line, the world's largest container shipping line, plans to buy Hamburg Süd, the world's seventh largest container shipping line. Shippers have told JOC.com to expect significant rate increases in 2017.
Regulatory Updates for Jan 1, 2017
Food and Drug Administration
The FDA’s Voluntary Qualified Importer Program (VQIP), which is a trusted trader program for food importers, will begin accepting applications on January 1, 2017. Read full article and details here. Download Application Instructions here. Download Fact Sheet on the VQIP here.
U.S. Customs and Border Protection
The World Customs Organization has published new amendments to the Harmonized System Nomenclature, which will enter into force January 1, 2017. Changes include some commodities from the following sectors: agricultural, chemical, wood, textile, base metal, machinery, transport, and other. Read full article and details here.
President Trump selects
President-elect Donald Trump has chosen Elaine Chao for Transportation Secretary. “Secretary Chao’s extensive record of strong leadership and her expertise are invaluable assets in our mission to rebuild our infrastructure in a fiscally responsible manner,” Trump said in a statement. “She has an amazing life story and has helped countless Americans in her public service career.”