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September 19 Newsletter: Hanjin ships begin to unload, National Bourbon Heritage Month

Posted on September 19th, 2016 at 2:38 pm

Hanjin ships begin to unload

 

On Monday, September 19th, bankrupt Hanjin Shipping (ranked 10th in TEU volume management as of September 2016 according to Alphaliner) released information that is a glimmer of good news for some worried freight forwarders and U.S. retailers concerned about supplying the looming holiday season: 28 of 97 ships currently stranded throughout the world have been offloaded at ports in California, Spain, and elsewhere. Korean Air, the shipping line's largest stockholder and part of the Hanjin Group,  has pledged 100 billion won ($54 million) including 40 billion won from the personal assets of its chairman to alleviate the current offloading distress.

 

That news, however, does little to shed light on the future of a company responsible for 10% of all China-US shipping, what will become of the assets currently stranded on the unloaded ships, how will any of the offloading or fueling services be paid for, whether the unloadings are even legal (see Bloomberg article), and how will the new shortage of available space on working vessels affect rates for all carriers.  

 

WSJ: Hanjin Unloads More Cargo, Easing Supply-Chain Fears

 

Bloomberg: Hanjin Cargo Owners Say Bid to Unload Vessels Isn't Working

 

 

(Photo: JOC)

 

 

FIU Internship Fair &

IBHS scholarship

 

On September 15, WTDC Operations Intern Jose Ramirez (left) joined WTDC Sales and Marketing Manager Sean Powers (right) at the Florida International University (FIU) Internship Fair. FIU continues to be a great resource for WTDC to build its team of Interns and Employees.

 

On September 7th, WTDC President and CEO Ralph L. Gazitua spoke to the FIU International Business Honors Society (IBHS) on the developments in US-Cuba relations. For the second year in a row, WTDC will be offering a scholarship to a deserving member of the FIU IBHS.

 

For more information on Employer Resources from FIU Career Services, click here.

 

Photo: @FIUCareer

 

 

Miami conference to feature case studies from entrepreneurs and investors doing business in re-opening Cuban markets

 

Preparing for Trade with Cuba will bring together top experts in law, trade regulations, foreign investment, international business and logistics to discuss the best ways to leverage the new Cuba opportunities. Tourism companies, transportation providers, ports, banks, law firms – every enterprise or organization with a potential business interest in Cuba should attend this conference to stay one step ahead.

 

Keynote speaker:  Dave Seleski, President & CEO of Stonegate Bank. Guest Speakers include: Peter Quinter, Shareholder, GrayRobinson, Miami and Ft. Lauderdale, and Ralph L. Gazitúa, President & CEO of WTDC. 12 speakers are currently slated for the October 13 event.


Click image for additional details

 

 

 

National Bourbon Heritage Month

 

Did you know that U.S. Congress passed a bill in 2007 designating September as National Bourbon Heritage Month? The observance compliments a 1964 bill declaring bourbon as the 'national spirit' of the United States and encourages responsible celebration of the corn-based spirit. On September 1, 2016,  Kentucky also issued a Bourbon Heritage proclamation for its state which includes a few fun facts on the state's role in the production and promotion of bourbon:

 

-Bourbon is a thriving $3 billion economic engine that generates more than 15,400 jobs with an annual payroll topping $700 million and $166 million in tax revenue every year.

 

-Bourbon production has skyrocketed more than 315 percent in the last 16 years, with 1.8 million barrels filled in 2015, the largest production year since 1974.

 

-There are 6.7 million barrels of Bourbon currently aging in Kentucky warehouses, the highest inventory in 40 years with a tax-assessed value of $2.4 billion, up 135 percent in the last 10 years.

 

Kentucky Bourbon Trail: Gov. Bevin declares September "Bourbon Heritage Month"

in Kentucky

 

Photo: Liquor.com

September 19 Newsletter: Hanjin ships begin to unload, National Bourbon Heritage Month - Read More

February 7 Newsletter

Posted on February 7th, 2013 at 4:36 pm

Miami logistics cluster highlighted by MIT professor Dr. Yossi Sheffi
 
Save the Date: February 26th
 
Dr. Yossi Sheffi introduces his book Logistics Clusters
 
Miami Dade College
Wolfson Campus
Room 2106
11011 SW 104th St
Miami, FL 33176
 
Registration: 5:30 PM
Presentation: 6:00 PM
 
 
Dr. Yossi Sheffi is a professor at the Massachusetts Institute of Technology, where he serves as Director of the MIT Center for Transportation and Logistics (CTL). Under his leadership, CTL launched the Supply Chain and Logistics Excellence (SCALE) global network of academic centers of education and research. The network includes centers modeled after CTL in Zaragoza, Spain (Zara; Bogota, Colombia; and Kuala Lumpur, Malaysia. Miami's unique place within global logistics is profiled in Dr. Sheffi's book. RSVP here
 
 
Managing Travel Retail inventory in a Foreign Trade Zone
 
As a Foreign Trade Zone, WTDC offers specialized logistics services that save our Spirits and Travel Retail clients time and money. Advances in technology allow us to process incoming shipments upon the arrival notice with e214s before the ship hits the pier.
 
Deferment of Duties
Simplified Manipulation process
Duty Drawback to a FTZ
Save time with electronic Customs Documentation
Simplified inventory management (No need to separate entries)
Weekly or monthly summary entries (MPF savings)
Quarterly HMF Reporting (Harbor Maintenance Fee)
Savings on Closeouts 
 
Click here to connect with Santiago Aragon,
WTDC Vice President of Operations/ Logistics
 
See you at the Boat Show!
 
Our customers are gearing up for the Miami International Boat Show. Over 100,000 people attend this annual show in Miami Beach, and many boats and yachts are purchased on-site for foreign and domestic use. Each year, WTDC facilitates the movement of boats and personal watercraft for the Boat Show, including exporting boats in containers and managing transportation.
 
When: Thursday, Feb. 14 through Monday, Feb. 18
Admission: Adults (16 and older): $20
Two-day adult pass (valid Feb. 14-18): $35
Youth 15 and under get in FREE with an adult
 
One ticket good for all sites (including free access to shuttle bus & water taxi) for more on the Boat Show, click https://www.miamiboatshow.com/
 
 
 
 
 
www.wtdc.com

Managing Travel Retail inventory in a Foreign Trade Zone

As a Foreign Trade Zone, WTDC offers specialized logistics services that save our Spirits and Travel Retail clients time and money. Advances in technology allow us to process incoming shipments upon the arrival notice with e214s before the ship hits the pier.

 

  • Deferment of Duties
  • Simplified Manipulation process
  • Duty Drawback to a FTZ
  • Save time with electronic Customs Documentation
  • Simplified inventory management (No need to separate entries)
  • Weekly or monthly summary entries (MPF savings)
  • Quarterly HMF Reporting (Harbor Maintenance Fee)
  • Savings on Closeouts 

February 7 Newsletter - Read More