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Baltimore Bridge Collapse Halts Traffic

In the early hours of a brisk March 26th morning, tragedy struck the Francis Scott Key Bridge in Baltimore, Maryland, as a Maersk-operated 2M Alliance container vessel, the Dali, collided with a support pylon, causing the bridge’s collapse and plunging at least 20 individuals into the Patapsco River.


The incident, described as a “mass-casualty incident” by authorities, sent shockwaves through the maritime industry and raised significant concerns about the safety and efficiency of global trade routes. From what we can initially gather, the Dali sent a mayday call, allowing authorities to stop bridge traffic and likely saving dozens, if not hundreds, of lives. 

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Agricultural Marketing Services National Organics Program Info

On March 19th, 2024, the Agriculture Marketing Services (AMS) National Organics Program (NOP) became mandatory. For the importation of products indicating organic, the importer must have a copy of the certified organic import certificate issued to the exporter/manufacturer. 

The entities that must be certified based on their handling of the organic products:

1.   U.S. Importers (organic certification must be listed on the NOP import certificate.)

2.   Foreign Exporters

3.   Processors of an organic product

4.   Operations that package the product

5.   Warehouses that store bulk or unpackaged organic products

6.   Others who “handle” the organic products, such as food brokers or sellers


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US and China Trade Balanced Precariously

The recent downturn in trade between the United States and China, a 17% drop last year, may seem alarming at first glance. However, this shift could signal a strategic diversification of supply chains, potentially benefiting global trade dynamics. Such a trend is not merely a byproduct of the ongoing trade tensions but a necessary evolution towards a more resilient and flexible global trade ecosystem.


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NEWS FROM COPPERSMITH

Cargo insurance is critical.

Remember accidents can happen anywhere.


Adequate insurance protects your shipment from pilferage, loss, accidents and weather.


Contact Coppersmith for assistance.

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Red Sea diversions offer a silver lining for carriers as they balance out supply and demand issues that should be forcing rates back to beneath pre-pandemic levels. The delicate balance in container shipping hinges on the duration of Red Sea attacks, affecting available capacity as vessels opt for longer routes via the Cape of Good Hope. Houthi rebel attacks sustain demand, employing aging tonnage and absorbing newly built vessels. Uncertainty remains regarding the duration of the threat to shipping in the Red Sea. For more guidance, contact us.

Read more at The Loadstar

West coast ports are becoming more attractive after murmurings about labor action in New York spur shippers to consider alternatives. Despite having a strong showing and predicted early peak season, the ports of LA and LB are on top of the list of contingency plans for cargo moves. With the FSK bridge accident in Baltimore causing cargo to divert primarily to Norfolk and other eastern seaboard options, the efficiency, size and capacity of the west coast will lure away shippers who want to avoid foreseeable delays this year.

Learn more at The Loadstar
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