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At CVI, we strive to keep our customers updated on current trends & events impacting their supply chain. We send regular Client Alerts, but encourage you to also follow us on LinkedIn for all the details in-between. On LinkedIn we provide you with Customs updates, company updates, port closures, rate fluctuations, and much more.


Message from President & CEO Mike Coleman

Dear Valued Colleagues, Clients, Partners, and Friends,

Summer has arrived, and it’s hard to believe we’re already halfway through 2023! As the supply chain challenges of the pandemic recede into the rearview, we continue to see our industry move forward and take shape in new and exciting directions. Greater technology investment and capabilities, a return to strategic relationships with value-added logistics providers, and enhanced talent availability are all very positive developments in the transportation industry. We also continue to navigate a variety of headwinds, including economic uncertainty, global geopolitical risks, government legislation, contentious labor negotiations, and inventory and forecasting challenges.

CVI and Capes Shipping Agencies are well-positioned for the future. We continue investing in the company and are driven to outperform the market over the next five years. We will achieve this by continuing to deliver service excellence to our client partners, strengthening relationships, deploying best-in-class technology, penetrating new high-growth industry verticals, and building out our product offering. Most importantly, we will continue investing in our people who “make the difference” in all that we do and are the cornerstone of our competitive advantage. I’m extremely proud of our excellent reputation, as evidenced by many examples of our team members serving as industry thought leaders through various guest speaking engagements, networking involvement in professional groups, and positive testimonials we regularly receive from customers. One metric from our latest Customer Experience Survey that I’m delighted to share is that 100% of respondents would recommend our services to others. Our people, their expertise, and their personal touch in caring for our clients’ cargo truly make the difference. We are working diligently to make sure our team has everything needed to continue delivering on our promise of service excellence while affording them a rewarding and fulfilling work experience with opportunities for career growth.

I’m pleased to report that CVI has successfully launched a new Control Tower based in Shenzhen, China. With a dedicated CVI team working much closer to our customers’ vendors in Asia alongside our long-term partner, we can now deliver our Service Excellence experience earlier and closer to the source. This means increased visibility, efficiency, and communication, and we’re excited to see the value this transformative development will bring to our customers.

We are committed to providing you with the best possible customer experience and will continue to innovate and improve so that we can better meet your needs. On behalf of our entire team, thank you for your support, trust in us, and the opportunity to serve you. We wouldn’t be where we are today without you, and for that, we are indeed grateful.

Sincerely,

Mike Coleman
President & CEO
CVI and Capes Shipping


Market Update

The freight market from Asia to the US remains soft, and indications point to a muted peak shipping season. Importers’ inventory levels are improving, coming down from record highs of the last year. Consumers, however, are cautious heading into the back-to-school and holiday seasons, so importers are not planning significant restocking efforts. Freight rates reflect the slower pace; ocean rates are roughly back to the low-end levels seen in the early months of 2023, prior to the April rate increase that held rates at a slightly higher level for a few weeks. Unless ocean carriers significantly cut capacity or a volume surge emerges, it’s unlikely that the market will support any peak season rate increases…..Read More.

Rachel Shames,
Vice President, Pricing & Procurement


Compliance Update

Sparked by the Growth in E-Commerce, De Minimis Rules are Under Review

In the US, most goods valued under $800 are considered a de minimis and can be imported duty-free under informal entry procedures. The de minimis level, long held at $200, was increased to $800 as part of the Trade Enforcement Act of 2015 (TFTEA). Filers can enter these goods under a Section 321, Enhanced 321 (pilot program) or a Type 86 entry without producing an entry summary. As a broker, we generally use a Type 86 entry which allows us to enter low-value shipments for release while also having the ability to transmit the information required by the FDA, EPA, or other governmental agencies (OGA). Goods not eligible for the de minimis include products that require payment of an excise tax or goods under an active ADD/CVD case but goods under a Section 301 or 232 tariff are eligible. The use of these types of entries, once relatively uncommon outside of courier services, has exploded primarily due to the growth in e-commerce. Customs reported a robust 21% increase in de minimis filings from FY 20 to FY 21…Read More.

For more information, please contact Sam McClure, Director of Customs & Compliance Services, .


Company News


CV International’s annual customer service survey is just around the corner!

We’re excited to announce that our annual customer service survey is just around the corner! We value your feedback and use it to help us improve our customer service experience.

At CVI, our purpose is to deliver personalized international logistics and shipping solutions through a values-based culture of service excellence. We are proud of our professional team of logistics and customs compliance experts who go above and beyond daily to make our purpose a reality. CVI is dedicated to providing an exceptional customer experience to our clients and is inspired to improve continuously.

Last year’s survey results were overwhelmingly positive, and we’re grateful for your participation. We received high marks in areas such as overall experience, communication, and responsiveness. We’ve made some great improvements to our customer service team since last year, but we always strive to improve further. Your feedback will help us ensure we meet your needs and exceed your expectations.


CV International joins Virginia Maritime Association for another successful Port Day in Richmond

In February, our President & CEO, Michael Coleman (who is also a Port Commissioner), his father and our Chairman, Wayne Coleman, Vinny Di Costanzo, and Bobby Scott of our sister company Capes Shipping Agencies, traveled to Richmond to meet with members of the Virginia Legislature as part of the Virginia Maritime Association’s annual Port Day.

Because of the Virginia Legislature’s past, current, and hopefully future funding and the fine stewardship of these funds by The Port of Virginia’s board, the port not only weathered the supply chain disruption that severely hampered most US ports but grew and gained new business as shippers and importers changed supply chain routes and strategies. CVI is proud to support The Port of Virginia and looks forward to continuing to be an advocate in the future.


CVI’s Rachel Shames presents at the TPM Conference

CV International had a fantastic TPM experience this past March! Michael Coleman, Bill Smith, and Rachel Shames enjoyed spending quality time in Long Beach with customers, carriers, partners, industry colleagues, and friends. CVI’s thought leadership was on display with Rachel Shames, Vice President of Pricing & Procurement, participating in a “Container Shipping Outlook” panel discussion on the main stage. The Trans-Pacific Maritime (TPM) conference is an integral event in CVI’s annual commercial calendar, where we nurture relationships, get up to speed on the latest in ocean shipping trends and technology, and “feel the pulse” of the market for the year ahead.


CVI’s Nolan Smith presents at North Carolina World Trade Association

Last March, Nolan Smith had the honor of presenting at the North Carolina World Trade Association’s Export University in Wilmington, NC on the nuts and bolts of exporting internationally for U.S.-based businesses. A vibrant export trade market is vital to the economy, and CVI has a long and proud tradition of serving U.S. exporters. Congrats to Nolan…the feedback we received from attendees was excellent!


Mike Coleman elected president of Virginia Board for Branch Pilots

We are proud to share that last March, CV International and Capes Shipping Agencies President & CEO, Michael Coleman, was elected President of the Virginia Board for Branch Pilots for a four-year term starting June 12, 2023.

The Board for Branch Pilots licenses the pilots responsible for the safe passage of ships in Virginia’s major shipping lanes and waterways. The Circuit Courts of Hampton, Norfolk, and Portsmouth appoint individuals to the nine-member Board, which was created in 1783 and initially chartered by the King of England in the 1600s. Mike was appointed to the Board by the Norfolk Circuit Court in 2019.


Wayne Coleman joins panel at Old Dominion University’s first annual Maritime Symposium

Last April, CVI’s Founder and Chairman, Wayne Coleman, participated as a panelist at Old Dominion University’s first annual Maritime Symposium. He joined representatives from the government and the private sector to address a wide range of issues facing supply chains, as well as what the future holds. Supply chain visibility was front and center in the discussion, and Wayne was proud to highlight CVI’s significant investments in visibility technology for our client partners.

Wayne is a proud ODU alumnus, graduating with a business degree while also starting what would become CVI! We are proud to have many ODU alums on the CVI and Capes Shipping Agencies team. Go Monarchs!


CV International attends NCBFAA Shippers Association’s Annual Conference in New Orleans

In April, the CVI operations and compliance leadership team “sharpened the saw” by attending the NCBFAA Shippers Association’s Annual Conference in New Orleans. Sam McClure, Casey Murphy, and Lisa Cook took time from their busy schedules to brush up on the latest trends, technology, and best practices in customs brokerage, compliance, and freight forwarding. This year marks this event’s 50th anniversary / Golden Jubilee and time well spent as CVI focuses on delivering service excellence in the next 50 years.


CV International attends the State of the Port of Virginia

Reflecting on April’s successful State of the Port events hosted by the Hampton Roads Global Commerce Council and The Port of Virginia, we’ve just got to say, WOW! Congratulations to the organizers of this impressive Virginia Beach event that cast a favorable light on The Port of Virginia, both now and in the future. CVI is proud to call Norfolk home, and we’re delighted to offer our local touch and global logistics service excellence to many customers utilizing The Port of Virginia. The state of The Port of Virginia is great, and the real winners here are the shippers that utilize these world-class facilities.


CVI’s Bernd Losskarn hosts bus tour of the South Carolina Ports Authority in Charleston

Last month, a group of customers, friends, and associates hosted by CVI’s Bernd Losskarn had the opportunity to visit South Carolina Ports Authority in Charleston, SC. We were given an informative presentation on the growth and development of the ports, followed by a bus tour of the Wando Welch Terminal.

We were impressed by the scale and efficiency of the ports. Ports in the Southeast are seeing some of the most significant growth rates in the country, and South Carolina Ports Authority is a major driver of industry for the state. We look forward to seeing what the future holds in store for this vital economic engine for the Southeast.


CVI’s Casey Murphy presents at the CBIFFA of Virginia in Norfolk

Last month, CVI’s Casey Murphy was honored to speak at the CBIFFA of Virginia meeting in Norfolk, VA. The Customs Brokers and International Freight Forwarders Association of Virginia was established in 1988 and is an integral part of The Port of Virginia. Casey presented an overview of the recent 50th annual National Customs Brokers & Forwarders Association of America, Inc. conference in New Orleans, where she represented CVI along with Sam McClure and Lisa Cook.

Topics included modernization for customs and brokers, the upcoming pilot programs within U.S. Customs and Border Protection and various Partner Government Agencies, regulations on continuing education, the BIS Export Initiative, and an update from the Federal Maritime Commission Commissioner Max Vekich. The impending Lacey Act Phase 7 and 8, charge complaints filed with the FMC, and the growing interest in artificial intelligence applications spurred several discussions within the meeting. We always appreciate the opportunity to participate in these conversations and share insights on the topics that impact our industry!


CV International and Orient Star Group launch CVI Control Tower in Shenzen, China

In May, CVI’s Lisa Cook, Vice President of Operations, and Rachel Shames, Vice President of Pricing and Procurement, together with our dedicated partner Orient Star Group established our CVI Control Tower in Shenzhen, China!

Now with a dedicated CVI team in China, we’re bringing our Service Excellence experience closer to our customers’ shippers and extending the CVI value proposition further upstream. This enables CVI to offer enhanced booking control, shipment data visibility and reporting earlier in the Asian import cycle, and results in process efficiencies at both origin and destination. Let us show you what we can do!


CVI’s Bill Smith chairs American Home Furnishings Alliance 2023 Logistics Conference in Charleston

Earlier this month, CVI’s Bill Smith, Vice President of Business Development & Sales, chaired the American Home Furnishings Alliance 2023 Logistics Conference presented by the AHFA’s Specialized Furniture Carriers Division. The conference theme was “Turn the Tide,” and for two days in Charleston, SC, various stakeholders collaborated on the latest trends impacting furniture logistics and lessons learned during the pandemic shipping super cycle.

Good things happen when furniture shippers, their transportation providers, and various other stakeholders and thought leaders (i.e., port authorities, material handling, global sourcing experts, technology providers, consultants, etc.) come together to learn, exchange ideas, network, and build relationships. CVI is proud to provide global logistics and customs brokerage solutions to the home furnishings industry for many years, and we want to thank our furniture client partners for their continued support.



Colossal Cranes in Savannah

In February, our Savannah team was proud to represent the M/V “BigLift Baffin,” which delivered four oversized ship-to-shore (STS) cranes to the Georgia Ports Authority. The vessel is unique in that its quick ballast capacity allows it to compensate for the almost two-meter tide and keep its main deck parallel with the berth.


Capes Shipping Agencies leads the way in U.S. Offshore Wind

In March, our President & CEO, Michael Coleman, and Capes Shipping Agencies’ Bobby Scott hosted guests on a tour of the ongoing construction at Portsmouth Marine Terminal, which is being prepared for Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project. The 2.6-gigawatt CVOW project, consisting of 176 wind turbines located 27 miles off the coast of Virginia Beach, will be the largest of its kind in the country.

The following week, Steve Hagen and Bobby Scott attended the International Offshore Wind Partnering Forum in Baltimore with over 3,000 attendees. Hosted by the Business Network for Offshore Wind, the forum connects global leaders and businesses involved with the supply chain of offshore wind. Capes Shipping Agencies continues to lead the way in offshore wind in Virginia as well as many other U.S. East Coast projects.


Hampton Roads Coal Association Spring Reception & Golf Outing

In May, Capes Shipping hosted many of our customers and industry partners at the Hampton Roads Coal Association’s annual spring reception on the Virginia Beach oceanfront. The following day, the two-day event concluded with beautiful weather for the golf outing at Heron Ridge Golf Club. Coal exports remain the dominant dry bulk cargo in Hampton Roads, and Capes Shipping continues to lead the industry there.


Capes Shipping attends Breakbulk Europe

Earlier this month, Mike Coleman and Steve Hagen, Vice President at Capes Shipping Agencies, attended Breakbulk Europe in Rotterdam, which is the world’s largest project cargo and breakbulk event with over 4,000 attendees. The event allowed us to connect with many current and potential customers.


Industry News


News Updates

West Coast labor deal finally reached, but the damage is done (JOC)
The tentative agreement reached Wednesday between maritime employers and dockworkers on the US West Coast may lure back some of the cargo lost during 13 months of contentious negotiations, but changing trade patterns and increased competition from ports along the East and Gulf coasts could spell the end of the West Coast’s dominance. Read more…

May US imports highest of 2023, but down 20% from year-ago: data (JOC)
As US retail sales continue to slow in the first half of 2023, import volumes remain on track for double-digit declines from a year earlier. However, some port stakeholders show increasing confidence in those declines narrowing into the second half of the year. Read more…

Trade tea leaves showing peak season status quo (FreightWaves)
Trade has proven time and time again that it can show the health of a country’s economy and the health of logistics. The movement of trade is influenced by supply and demand, not by the thumping of chests of politicians. You have hand-wringing today about the health of China, but if you follow trade, you would not be shocked by the dismal results: Orders are down. Read more…

Container shipping divide: Cargo rates weaken, ship rents ‘robust’ (FreightWaves)
Everyone knew the container shipping boom would end — it was a one-off spike driven by a pandemic and government stimulus, not a permanent change in fundamentals. But no one knew how container shipping markets would play out after the boom. Read more…

NVO share of US imports from Asia growing in post-COVID ocean market (JOC)
The COVID-19 pandemic and the disruption it wrought on containerized supply chains brought new relevance to an age-old question facing shippers: Is greater reliability, consistency and the ability to de-risk in a volatile world achieved by using a provider that controls its own ships, trucks, warehouses or other assets? Read more…

Falling Asia container rates may be too much of a good thing for US exporters (JOC)
US exporters, dominated by groups that ship lower-value goods and commodities, have been enjoying a relative plunge in outbound container rates since the summer of 2021. After three years of import-driven disruption that drew howls of complaints from exporters and led to the passage of broad shipping reform last year, that can feel like relief. Read more…

New Hires: Welcome to the CVI and Capes Shipping Team!

Michelle Bailey, CVI, Import Transportation Coordinator, Norfolk, VA
Michelle is married with two sons, Leo (3) and Carmine (1). She also has a Black Lab/German Shepard mix named Sirius.

Matthew Harrison, CVI, Import Transportation Coordinator, Wilmington, NC
Matthew is married with two kids, a daughter, Rini, and a son, Isaac. He has a toy poodle named Livi and, when not working, enjoys reading & listening to short horror stories and playing games with his kids.

Hayden Snow, CVI, Regional Sales Manager – Southeast, Charlotte, NC
Hayden was born in Elkin, NC, and is married to his high school sweetheart (together since Junior year). He has two dogs, Scout & Riley. When not working, he enjoys basketball, golf, real estate investing, art (drawing & painting), and building things.

Lakeasha Edwards, CVI, Import Transportation Coordinator, Norfolk, VA
Lakeasha was born in Norfolk, VA, and enjoys music and fashion. Exploring and traveling the world is her top bucket list item!

Brandon Odom, Capes Shipping Agencies, Operations Agent, Savannah, GA
Brandon is from Columbus, GA, and has two pugs, three chickens, and one cat. When not working, he enjoys Xbox, snowboarding, surfing, and traveling. You can spot him cheering on Alabama (ROLL TIDE!).

Steve Baldoni, Capes Shipping Agencies, Operations Agent, Baltimore, MD
Steve was born in Hampstead, MD, and enjoys fishing, golf, and cars. He is a fan of the Baltimore Ravens and Orioles.

Dustin Keppler, CVI, Sales & Marketing Coordinator, Charlotte, NC
Dustin was born in Pittsburgh, PA, and is married (wife Jessica) with two sons, Noah (5) and Connor (1). He also has a Cavalier King Charles spaniel named Daisy. He enjoys hiking, camping, cooking, traveling, reading, and making beer, wine, and mead.

James Ball, Capes Shipping Agencies, Operations Agent, Norfolk, VA
James previously served in the US Coast Guard. He was born in Richmond, VA, and has a dog named Morena. He enjoys painting, writing, sculpting, golf, and car restoration. He is also a fan of the Washington Nationals and Washington Commanders.

Ziad Kountar, Capes Shipping Agencies, Operations Agent, Norfolk, VA
Ziad was born in Morocco and enjoys jet skiing and traveling. He is also a fan of the Real Madrid.

Patrick Sullivan, CVI, Marketing Intern, Charlotte, NC
Patrick was born in Greensboro, NC, and has two dogs (Lulu & Duncan) and one bunny (Cadberry). He enjoys watching/playing sports, hanging out with friends, and building new relationships with people. You can catch him cheering on Kentucky Football & Basketball, Carolina Panthers, Charlotte FC, and US MNT.

Dwayne White, Capes Shipping Agencies, Operations Agent, Norfolk, VA
Dwayne was born in Sasebo, Nagasaki, Japan, and has a 3-year-old Akita named Nala. When not working, he enjoys being outdoors, hiking with his dog, being out on the water, doing home repairs/renovations, and cheering on the Ohio State Buckeyes.

NORFOLK 757.466.1170 | ATLANTA 404.761.2300 | BALTIMORE 410.633.1516 | CHARLOTTE 704.357.1444 | MOREHEAD CITY 252.622.4405 | SAVANNAH 912.898.2256 | WILMINGTON, DE 302.427.0440 | WILMINGTON, NC 910.763.8491

www.cvinternational.com

This e-newsletter is intended to be used for informational purposes only. CV International undertakes every effort to ensure the accuracy of the information contained herein, but assumes no liability for any errors or omissions. Contributed articles and hyperlinks to external websites are included for information only and do not constitute endorsement of the contributor or the content.

Copyright © 2023 CV International, Inc., All rights reserved.

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