Asset Based Lending Blog/News

Lack of Insurance adds to Hanjin’s Woes

October 21, 2016 | Cargo, Shipping

Sadie Keljikian, Express Trade Capital The latest issue in the Hanjin Shipping bankruptcy scandal surrounds a lack of insurance on chassis in the US. Chassis provider Flexi-Van Leasing has requested assistance from a federal judge to cancel all its per-diem leasing agreements with Hanjin. Flexi fears that Hanjin will send “thousands” of chassis onto US highways without proper […]

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Blockchain Changes the Game

October 11, 2016 | Manufacturing, Technology

Sadie Keljikian, Express Trade Capital The trade finance world is all abuzz about blockchain technology, which sources claim will change the industry for the better. Blockchain, a variety of digitized ledger system originally established for Bitcoin, provides a new, simplified way of verifying and monitoring transactions. All pertinent parties can access and update data entries and must approve […]

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Hurricane Matthew & Impacts to Port Operations

October 6, 2016 | Shipping

As Hurricane Matthew moves up the coast, port operations along the Southeastern US Coastline may be impacted. Florida: Port Readiness Condition Zulu has been issued by the US Coast Guard (USCG) for South Florida ports. These restriction conditions are in effect for Port Everglades, Miami, Miami River, Palm Beach, Canaveral, Key West, and all other […]

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Hanjin Shipping Bankruptcy Update

September 26, 2016 | Shipping

Sadie Keljikian, Express Trade Capital South Korean Hanjin Shipping has been the talk of the international shipping industry since the company filed for bankruptcy on August 31st. Shippers all over the world have grappled with declining demand as trade flows have slowed, particularly from China. Hanjin has faced especially enormous financial difficulty in the last […]

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Collaborative Manufacturing Hub to Open in Chicago

September 14, 2016 | Manufacturing

Sadie Keljikian, Express Trade Capital Chicago may soon have a domestic manufacturing sector to be reckoned with. The opening of the brand new mHUB was announced by Chicago Mayor Rahm Emanuel and is billed as “Chicago’s first innovation center focused on product development and manufacturing.” The project is a joint effort of World Business Chicago […]

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Brown Marmorated Stink Bug Strikes Exporters

August 27, 2016 | Cargo, Shipping

Exports to Australia: Brown Marmorated Stink Bug (BMSB) Season Australia’s Department of Agriculture and Water Resources has developed measures to manage the 2016-17 brown marmorated stink bug (BMSB) season. In addition to standard import requirements, these measures affect ocean FCL & break-bulk shipments of targeted tariffs imported from the United States between 1 September 2016 […]

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Review: “Supply Chain Transparency”

August 4, 2016 | Manufacturing

Sadie Keljikian, Express Trade Capital Recently, ‘supply chain transparency‘ has become a paramount issue for the American consumer. Manufacturers, as well as some “fast-fashion” retailers, are shifting sourcing strategies to insure that their products are made according to certain environmental and ethical standards.  Many speculate that this trend began with reports of sweatshop labor in Southeast Asia […]

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Texworld USA Celebrates First Decade

August 1, 2016 | Apparel Industry, Trade Shows

Sadie Keljikian, Express Trade Capital This month, Texworld USA celebrated its tenth anniversary at this year’s installment of the fabric sourcing trade show. The event was held July 12th-14th at the Javits Center. “We’ve been working really hard on diversity and feel we’ve made headway,” said Jennifer Bacon, Show Director. Indeed, this year’s Texworld show […]

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ICS Contemplates Post-Brexit Trade Environment

July 22, 2016 | Government, Shipping

Sadie Keljikian, Express Trade Capital The International Chamber of Shipping, or ICS, is predicting how Brexit might impact shipping. The United Kingdom’s recent vote to leave the European Union will undoubtedly change international relations in Europe and elsewhere, but ICS secretary general Peter Hinchcliffe has said that the changes could benefit the world market. “The UK, in […]

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Definition of Importer Security Filing Importer

July 22, 2016 | Cargo, Shipping

Notice of Proposed Rulemaking for Definition of Importer Security Filing Importer US Customs and Border Protection (CBP) has issued a notice of proposed rulemaking in the Federal Register regarding the definition of the Importer Security Filing (ISF) Importer. The proposed rule would broaden the definition of the Importer for certain types of ISFs filed, for […]

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