Every year, the U.S. capitalizes on the $5 billion recycling business created through their disposal of waste exported to China in shipping containers. We recently blogged about China’s ambiguous notifications to the World Trade Organization (WTO) on July 18th and have more information to answer our questions regarding import bans. U.S. recyclers have been anxiously…Read more
China Offers More Clues Regarding Import Bans
Since China’s initial notification to the World Trade Organization (WTO) on July 18th of this year, Chinese authorities have continued to drop hints as to specific material grades slated for rejection. Though agency hints remain rather nebulous, we now believe we have more information that may help the US recycling industry and exporters prepare for…Read more
Shipping Industry Shakeup: Higher Cargo Rates for Suppliers?
For years, the shipping industry has been facing a crisis of overcapacity. Too much space and too little freight has caused a pattern of plummeting freight rates. While this may benefit US suppliers’ bottom lines in the short run, the issue of overcapacity has caused billion dollar losses across major cargo lines, creating industry monopolies…Read more
Enforcement Ramps Up in China as National Sword Continues
The market impacts of National Sword 2017, China’s sweeping crackdown on imports, are beginning to come into focus. Their General Administration of Customs is focusing their efforts on catching smugglers, who face jail time as well as tax evasion charges. It’s critical to keep a few things in mind when preparing shipments bound for China.…Read more