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CV International & Capes Shipping Agencies Newsletter | Winter 2023-2024

By January 5, 2024No Comments

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.


A New Years Message from President & CEO Mike Coleman

Dear Valued Colleagues, Clients, Partners, and Friends,

As we raise a toast to a fresh start in 2024, it’s impossible to ignore the turbulent waters we navigated together in the year gone by. In the world of global shipping, the adage that “change is the only constant” remains as true as ever. In 2023, the global economy continued to regain its footing after the seismic shifts brought on by the pandemic. Still, the year brought its own challenges, many of which continue into the new year. Labor disputes that gripped ports along the West Coast last year now look poised to affect East Coast ports in the year ahead. Water levels in the Panama Canal have inhibited transits, and commercial shipping is under threat of physical attack in the Red Sea. All of this has added complexity to the global shipping landscape and for companies trying to navigate their supply chains.

It is during turbulent times like these that CVI and Capes show great resilience, helping customers navigate rough waters to mitigate the risks and expense of shipping. We are problem solvers. We deliver solutions and we are constantly pushing the bar higher. In 2023, CVI opened our Asia control tower, which has streamlined our operations and allowed us to enhance our value proposition to customers through increased visibility and further reach into their supply chain. This was a monumental project, and I couldn’t be prouder of our team, whose tireless efforts made its rollout a success.

This past year, CVI expanded its reach into several targeted industry growth verticals, including material handling equipment, while continuing to nurture strong partnerships in existing ones. Capes also continues to impressively diversify the company’s client portfolio. As stakeholders in Dominion Energy’s Coastal Virginia Offshore Wind project, Capes coordinated efforts with our customers and the US Navy, Coast Guard, and several government agencies as the project moved forward. We welcomed the first monopiles arriving for the project as agents for the delivering vessel and customs brokers for the cargo. Many project milestones were achieved this year, and we’re excited to be a part of this landmark endeavor.

Most importantly, we have remained committed to our core values, focusing on personal relationships and the ability to execute for our clients. These efforts were reflected in our recent Customer Experience Survey results, where I’m pleased to share that our feedback was once again overwhelmingly positive. These accolades are due to the dedication of our outstanding team, and you can rest assured that whatever challenges the year ahead brings, your cargo is in the hands of the best in the business.

On behalf of our team at CVI and Capes Shipping, I’d like to thank you for your continued support and wish you and yours a happy, healthy, and prosperous 2024. We look forward to another successful year of providing our customers and partners with personalized service excellence.

Sincerely,

Mike Coleman
President & CEO
CVI and Capes Shipping


Market Update

Heading into 2024, container shipping is experiencing the most disruption the industry has seen since the height of the pandemic. Over the last few months, vessel transits at the Panama Canal, a major gateway between Asia and US East and Gulf Coast ports, have been limited due to a low-water issue that is expected to be a long-term problem. Since mid-December, terror attacks impacting commercial vessels transiting the Red Sea have forced ocean carriers to re-route vessels from the Suez Canal, the other major gateway between Asia and US East and Gulf Coast ports, to long transits around Africa. Accessing certain ports in the Middle East and Northeast Africa by container vessel is very difficult due to service changes.

Carriers have been adjusting routings and announcing last-minute changes to services as risks are constantly re-evaluated. Booking ocean freight between the US East and Gulf Coast and Asia ports is as complex as it’s ever been; the services sailing through the Panama Canal are the most reliable but limited and subject to delays, while services that typically utilize the Suez Canal are all over the board. Shippers could book a carrier and vessel that plans to sail through the Suez despite the risks and later announce a shift in strategy and longer transit around Africa, for example…Read More.

Rachel Shames,
Vice President, Pricing & Procurement


Compliance Update

 

Broad ADD case covering Extruded Aluminum is a Concern

Anti-dumping (ADD) and Countervailing Duty (CVD) cases have always created problems for importers. Occasionally instituting very significant additional duties and a lack of certainty for the estimated duties tendered upon release, they play havoc with buying and pricing decisions. Some cases are more problematic than others, like the new ADD case covering aluminum extrusions from fifteen of our trading partners (China, Columbia, Dominican Republic, Ecuador, India, Indonesia, Italy, South Korea, Malaysia, Mexico, Taiwan, Thailand, Turkey, UAE, and Vietnam).

While an active case (A570-967) already exists for certain extruded aluminum products from China, this new case expands the affected countries and the scope of the case itself.  In addition to extruded aluminum shapes and forms, this case “covers aluminum extrusions that are imported with non-aluminum components, whether assembled at the time of importation or unassembled, that are a part of subassembly of a larger product or system.” Merchandise that is comprised, other than fasteners, solely of aluminum extrusions, whether assembled or unassembled, falls under the scope of the case…Read More.

ACH and Periodic Monthly Statement (PMS) Programs

Because US Customs and Border Protection (CBP) considers the liability for Customs duties as a “personal debt due from the importer to the United States” and that “payment to a broker covering duties does not relieve the importer of the liability if the duties are not paid by the broker”, 19 CFR 141.1(b)(1), CVI has always encouraged our importer customers to participate in the Customs ACH program.

For our customers who have done so and have been approved to participate in Periodic Monthly Statements, attached is the 2024 schedule of payment dates.

For more information on the ACH and PMS programs, we offer the below guidance documents.

ACH Debit

Periodic Monthly Statements

PMS Statement Dates 2024

Sam McClure,
Director of Compliance & Customs Services

 


 


Company News


Customer Experience Survey Feedback Fuels Our Success

We are incredibly grateful to our valued customers who took the time to participate in our annual customer experience survey. Your feedback is invaluable to us, and we appreciate your willingness to share your insights with us as we continue to strive for excellence in providing first-class global logistics and customs compliance services.

We are thrilled and humbled to share that our overall feedback was overwhelmingly positive, with 100% of respondents saying they would recommend CV International to others! We were also touched by the many shout-outs to individual team members who have gone above and beyond to deliver exceptional service. Your kind words are a testament to our team’s dedication and hard work.

Thank you again for being a part of our survey. We’re excited to put your valuable input into action as we work to exceed your expectations every day.


Wayne Coleman Recognized During VMA Port Day Game at Old Dominion University

One of the things that sets CV International apart from other logistics providers is our focus on relationships and community. Nowhere do we feel that stronger than in our “hometown” of Norfolk, VA, where our founder, Wayne Coleman, was recognized during this season’s Virginia Maritime Association Port Day game at Old Dominion University.

As a proud ODU alumnus who is still deeply involved with the university, Wayne is Chair of the ODU Supply Chain and Maritime Advisory Council essential to the approval of a new school of Supply Chain, Logistics, and Maritime Operations by the State Council of Higher Education for Virginia (SCHEV). Thanks to these efforts, ODU continues to emerge as a leading educator of tomorrow’s supply chain, logistics, and maritime industry professionals.

Congratulations, Wayne, for this well-deserved recognition, and GO MONARCHS! 🏈


CVI and Capes Sponsor Virginia Maritime Association Symposium

CV International and Capes Shipping Agencies were pleased to attend and sponsor the Virginia Maritime Association‘s 2023 International Trade Symposium. Reflecting on this experience, we’re excited about Virginia’s very promising role in the world economy and the well-connected, business-friendly nature enabled by The Port of Virginia and its thriving maritime community.

Headquartered in Norfolk, CVI is Virginia’s preeminent “local” freight forwarder and customs broker, with a long history of serving global shippers in the Mid-Atlantic and Southeast. Capes Shipping has served as the eyes, ears, and voice of stakeholders requiring vessel agent services in the region since 1958. Two companies with one common purpose: to deliver personalized international logistics and shipping solutions through a values-based culture of service excellence. We invite you to discover our difference and experience our “local” touch as we care for your cargo.


CVI and Capes Host Students from GWU Center for International Business Education & Research Program

Vinny Di Costanzo, Norfolk Branch Manager of CV International, and Peter Hansen, Director of Operations of Capes Shipping Agencies, recently hosted a group of students from the GWU Center for International Business Education & Research (GW-CIBER) program.

The GW-CIBER program empowers students to succeed in the global marketplace by equipping them with a solid foundation in global business principles, cross-cultural understanding, and strategic decision-making. Students gain this foundation by learning from leading experts and working on real-world projects, which gives them the knowledge, skills, and experience they need to thrive in the global economy.

Vinny and Pete’s presentation gave the students a behind-the-scenes look at the global shipping industry and the crucial role it plays in global supply chains. The students were engaged and motivated, and they asked thoughtful questions.

CVI and Capes Shipping are proud to be an educational resource for tomorrow’s leaders in the global logistics industry, providing them with the skills, knowledge, and training they need to succeed in this rapidly evolving and dynamic field.


CVI Hosts Tienda, Inc. for Port Tour Led by Vinny Di Costanzo

CVI’s Norfolk Branch Manager, Vinny Di Costanzo, recently treated our customer, Tienda, Inc., to a tour of The Port of Virginia.  As one of the busiest and largest ports in the Eastern United States, it handles a wide variety of cargo at its three marine terminals.  Its strategic location and access to major railroad networks make the port a major gateway to inland facilities and markets in the US interior and Midwest region.

Witnessing firsthand the scale and efficiency of modern port operations can be a truly eye-opening experience, and we love having the opportunity to give our customers and partners a peek behind the curtain of global trade.


CVI Joins Krah América Latina S.A. For Unloading of Inaugural USA Import

At CV International, “We Care For Your Cargo” is not just a marketing slogan – it’s in our DNA! Import Transportation Supervisor Lynette Williams and Norfolk Branch Manager Vinny Di Costanzo joined one of the newest members of our CVI family (or as our competitors would say, “customers”) for the unloading of the first container of high-volume liquid pipes from Argentina.

Christian Oberosler is working hard to build a USA presence for Krah América Latina S.A. and we are more than proud that he has chosen to partner with us and has chosen The Port of Virginia for the company’s first USA import. And a huge shoutout to Daniel LeGrande and his team at Ocean Container Solutions for a job well done!


Celebrating Women in Offshore Wind With the Hampton Roads Alliance 

CVI’s Casey Murphy and Cape Shipping’s Rachel Upshaw spent some time making connections this holiday season at the Hampton Roads Alliance Women of Offshore Wind (WOW) holiday celebration held at the Norfolk Botanical Gardens.  WOW provides invaluable resources, mentorship, and networking opportunities for women driving innovation and change in the offshore wind sector, and we’re proud to see our team members adding their unique talents and voices to this growing and vital industry.


Building Connections and Holiday Smiles

The holidays are a time for togetherness, and while our CV International and Capes Shipping Agencies offices are spread across many states, we found ways to celebrate the season and connect as a team! From breaking bread together at elegant restaurants to chip shots and monster drives at Topgolf, each branch put its own spin on holiday fun.

At CVI at Capes, we’re firm believers that strong relationships are the foundation of everything we do. It’s not just about our partnerships with clients and vendors; it’s also about the connections we cultivate within our own team, and we look forward to carrying that spirit forward into the new year!



Capes Shipping Agencies represents DEME Offshore in Coastal Virginia Offshore Wind (CVOW) Project

Capes Shipping Agencies is proud to have played a role in Virginia’s leap forward in renewable energy by serving as the port agents for the arrival of the first eight monopiles for Dominion Energy’s 2.6-gigawatt Coastal Virginia Offshore Wind project.

We worked closely with DEME Group, Dominion Energy, The Port of Virginia, and our other port partners to successfully dock the MV Sun Shine and discharge the first eight monopiles to be installed at the wind farm.

Soon afterward, Michael King, Peter Hansen, Rachel Upshaw, and Tyler Parker joined Virginia Governor Glenn Youngkin and other distinguished VIPs at a reception at the Portsmouth Marine Terminal in Portsmouth, VA, to commemorate their arrival.

Our team’s photos in front of a monopile capture the immense scale of this project and its transformative potential for Virginia’s economy! Capes Shipping Agencies and CV International are proud and honored to be a part of this transformative project.


Capes Team Attends Port of Tampa Propellor Club’s Stone Crab Feast

Bobby ScottBen Cherry and Josh Thompson enjoyed spending time with many of our Tampa based customers at the 27th Annual Stone Crab Fest sponsored by the Port of Tampa Propeller Club. We strive to build and maintain positive relationships with our customers, peers, and industry partners!


Capes Shipping’s Peyton Carter Tees Off for a Good Cause

Peyton Carter had a great day on the course for the 15th Annual U.S. Sugar Savannah Refinery Tournament benefiting the Burn Foundation of America and representing Capes Shipping. We love when our team can get out of the office and on to the golf course!


Capes Team Makes Tracks for Charity

The Capes Shipping Agencies team finished up the year strong by putting in the miles for some great causes.  Over Thanksgiving weekend, Rachel Upshaw, Tyler Parker, Dwayne White, and their partners put on their running shoes and joined WISTA USA in the Fourth Annual Turkey Trot to raise funds for The Seamen’s Church Institute and the New England Seafarers Mission.  Meanwhile, Kevin Briggs and Kelly Wooldridge ran in the Norfolk Harbor Half Marathon’s 5k and 10k in support of the Chartway Credit Union Chartway Promise Foundation.

Nick Ossi, Kelly Wooldridge, and Rachel Upshaw were back at it for the holidays, running in the Norfolk Tacky Sweater 5K.  The race is held annually in memory of Nick’s mother, Mary “Diddie” Ossi, to benefit Eastern Virginia Medical School Dermatology and the EVMS Dermatology Student Group.

Hats off to our team for taking the time to help raise funds and awareness for these important causes!


Capes Team Attends Hampton Roads Coal Association Holiday Dinner

The Capes Shipping Agencies team recently had the pleasure of attending the Hampton Roads Coal Association’s holiday dinner, and it was an evening filled with warmth, connection, and shared appreciation (and let’s not forget the door prizes!). As long-standing partners with the HRCA, we at Capes deeply value the collaborative spirit and dedication to responsible coal mining practices that define this organization.

Beyond the delicious food and festive atmosphere, what truly resonated was the sense of genuine appreciation for our partnership, a connection strengthened by Capes’ Director of Business Development, Bobby Scott, who also serves on the Board of the HRCA as Secretary/Treasurer.  We at Capes are proud to serve as shipping agents for HRCA members operating at the Port of Hampton Roads, the nation’s largest coal export center.


Industry News


News Updates

Asia-US container spot rates surge on Red Sea vessel diversions (JOC)
The ongoing switch of container ships away from the Suez Canal to the longer route around southern Africa’s Cape of Good Hope has sent spot rates for Asia-to-US ocean freight surging to start 2024. Read more…

Red Sea attacks continue, despite naval protection, and shipping costs soar (The Loadstar)
Supply chains are in chaos, as it appears even the power of the US Navy is proving insufficient to deter attacks on commercial shipping in the Red Sea, with costs set to soar ever higher. Read more…

US West Coast ports aim to win back shippers after two-year share loss (JOC)
After losing market share through much of 2022 and 2023 to their East and Gulf coast counterparts, US West Coast ports are hoping to lure back discretionary imports after securing a new longshore labor contract. Read more…

Major FMC rulemakings, cases to provide industry clarity in 2024 (JOC)
The US Federal Maritime Commission’s (FMC’s) case load came in like a lion and went out like a lamb in 2023, with the onslaught of complaints from frustrated cargo owners tapering off as volumes and rates declined in the aftermath of the COVID-19 pandemic. Read more…

A just-in-time renaissance ushers in a new mantra: ‘just in case’ (The Loadstar)
Just-in-time (JIT) is on the rebound, but with a few twists.  Back in 2020/21, supply chain gurus pronounced the end of the JIT concept. Read more…

Shippers weigh costly routing changes against possibility of East Coast strike (JOC)
In dialogue among shippers, carriers and non-vessel-operating common carriers (NVOs) for the upcoming Asia-to-North America contract cycle, a new issue is being raised: the possibility of labor disruption, including a strike along the US East and Gulf coasts for the first time in decades. Read more…

Top Maritime CEOs Go All-In on Decarbonization Efforts (Inbound Logistics)
Top executives from major global shipping lines have come together in a united move, urging the International Maritime Organization (IMO) to set an end date for fossil fuel-only newbuilds. Read more…


New Team Members: Welcome to CVI and Capes Shipping!

Shane MacInnes, Capes Shipping Agencies, Operations Agent, Wilmington, DE
Shane was born in Zionsville, PA, and has two English Mastiffs, Lexi & Eli. He served in the US Army and recently graduated from the College of Charleston. When not working, Shane enjoys hiking, camping, any form of traveling, sports, and watching TV and movies. He is also a Phillies fan!

Gary Bost, CVI, Regional Sales Manager, Midwest, Battle Creek, MI
Gary was born in Gary, IN and is married with 4 children. He also has a German Shepard named Bronco, a Yellow Lab named Paisley, and a cat named Mac. When not working he enjoys fitness, football, baseball, and spending time with family. He is a Michigan football fan, and his bucket list includes traveling to Italy, Spain, and Portugal.

Traci Klass, Capes Shipping Agencies, Administrative Assistant, Norfolk, VA
Traci is originally from Iowa and has a 12-year-old son. She enjoys road trips to the mountains, exploring new places, and reading.

 

CV International, Inc. | 128 W. Olney Road, Norfolk, VA 23507 | 757.466.1170
Capes Shipping Agencies | 150 West Main Street, Suite 1120, Norfolk, VA 23510 | 757.625.3658

www.cvinternational.com | www.capesshipping.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 © 2024 CV International, Inc., All rights reserved.

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