FormuKleen, a Boca Raton, Florida-based importer in the hospitality industry, accused Miami-based freight forwarder and customs broker Top Shipping Systems (TSS) of violating the Shipping Act by withholding two “high-value” shipments in an attempt to obtain payment for past-due invoices for other shipments, according to a complaint filed this month with the Federal Maritime Commission.
The National Customs Brokers & Forwarders Association of America and dozens of state and national-level trade groups representing shippers have signed a letter warning the heads of multiple federal agencies of potential supply chain disruptions that could result should tariff changes proceed as planned.
A bipartisan Russian sanctions bill that would also target countries still doing certain business with Moscow may hurt Russia in the short term but also could further damage U.S. trade talks with China, said Nicholas Burns, U.S. ambassador to China during the Biden administration. And while Burns said he’s glad the Trump administration has maintained sanctions against Chinese companies for selling sensitive microelectronics to Russia, he said the U.S. likely will never be able to convince China to stop supporting Russia’s defense industrial base.
U.S. racing teams shipping cars to Mexico for a stock car race later this month don’t have to comply with certain regulations governing exports of used self-propelled vehicles, CBP said in a recent ruling.
The EU officially approved a new Russia sanctions package this week, targeting hundreds of ships, people and entities while adding new items to its export control list.
The U.S. this week sanctioned a Chinese refinery and three port terminal operators for their role in buying Iranian oil. It also sanctioned multiple companies, vessels and ship captains responsible for moving those oil shipments as part of Iran’s shadow fleet.
CHANDLER, Ariz. -- The National Customs Brokers & Forwarders Association of America could help organize a class-action lawsuit against ocean carriers if enough of its members and other non-vessel operating common carriers (NVOCC) say they're unfairly being refused service contracts, industry officials said at the NCBFAA’s annual meeting.
John Hurley, President Donald Trump’s nominee to be undersecretary of the treasury for terrorism and financial crimes (see 2502120058), said April 10 that he wants to "understand better how we can tighten the focus” on Chinese companies that steal U.S. innovations.
Exporters and other companies could start seeing an uptick in government subpoenas as the Bureau of Industry and Security looks to increase export penalties, industry officials said this week, adding that businesses should make sure they’re scrutinizing transactions and watching for red flags.
The U.S. this week sanctioned Shanghai-based Zhou Shuai and his company, Shanghai Heiying Information Technology Co., for illegally acquiring, brokering and selling data from “highly sensitive U.S. critical infrastructure networks.” OFAC said he has sold “illegally exfiltrated data” and access to compromised computer networks to other Chinese cyber hackers, including Yin Kecheng, who was allegedly involved in the recent reported hacking of the Treasury Department by the Chinese government (see 2501170072 and 2501020009). DOJ is offering up to $2 million for information leading to the arrest or conviction of Zhou and Yin.