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Everglory News

21Mar, 2018

What you need to know about the Maersk Honam fire and liability




On Tuesday, March 6th, Maersk confirmed that a fire had broken out on the Maersk Honam, an ultra large container ship in the Arabian sea, which claimed the lives of five crew members. Maersk Line has stopped loading dangerous goods in areas near engine casing units on its vessels while it carries out tests to… Read more »


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13Feb, 2018

Important information about the ELD Mandate




In December, the deadline for trucking companies to switch from paper logbooks to an electronic logging device (ELD) passed. As with any new regulations, there is no shortage of information regarded this technology and we at Everglory Logistics want to provide an easy, efficient way for our clients to understand and comply with this new… Read more »


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1Feb, 2018
Worker in a factory in India eligible for GSP

GSP expired (again) – Here’s what to do.




On December 31, 2017, GSP expired. The Generalized System of Preferences is a tariff preference program for developing countries that affords US importers the opportunity to enter eligible goods from these countries duty-free. The rules and participating countries and tariff numbers are published at the front of the Harmonized Tariff Schedule. GSP-eligible goods must meet… Read more »


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4Dec, 2017

Everglory has moved to a new Chicago office!




In November, Everglory Chicago finalized a move into our new facility at 852 Foster Ave., Bensenville, Illinois, featuring 2000+ square feet of office space. In an effort to understand and respond to our clients needs and utilize some of our innovative ideas to deliver a better and more comprehensive customer support service, we feel this… Read more »


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3Nov, 2017

Wind powered cargo ship could signal more eco-friendly vessels are coming




In mid October, the Avontuur made her maiden voyage from la Rochelle, France to the Port of Montreal. While maiden voyages happen regularly without much fanfare, the Avontuur is special. Originally built in Germany in 1920, this 43.5 meter schooner was completely refurbished in 2016 as the world’s first eco-friendly cargo ship, boasting eight sails,… Read more »


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28Sep, 2017

Port of Los Angeles goes automated




  In the rapidly-evolving port preparations being made around the US to manage the influx of new mega-container ships, the Port of Los Angeles has begun adding automated services to their offerings. With a $1 billion in planned improvements, The TraPac Terminal Automation project makes this one of the first ports to offer fully-automated straddle… Read more »


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14Sep, 2017

Hurricanes cause trucking spot rate spike.




An active hurricane season in the South East and Gulf States has given rise to a heavy increase in trucking spot rates as distribution centers around the area are marked by flooding and high winds. With Hurricane Harvey barely out of Houston, the nation remains fixed on the assessment of damages in Miami as Irma… Read more »


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21Aug, 2017

A quick guide to commercial invoices




The commercial invoice (CI) is the record of a sales transaction and a crucial part of any import/export shipment. In a transaction, these documents record the buyer and seller’s information, detailed descriptions and quantities, trade terms, price, reference marks regarding the packaging and contents, payment arrangements, and the signature of the exporter that are agreed… Read more »


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19Jul, 2017

Cosco buys OOCL for $6.3bn




On July 9th, state owned Cosco Shipping Holdings agreed to pay $6.3bn for OOCL, becoming the latest, and expected to be final, consolidation of shipping lines this year. Pending regulatory approval, Cosco would become the third largest shipping line with over 400 ships with a capacity of 2.9 million TEUs. In the deal, OOCL would… Read more »


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6Jul, 2017
Three things for logistics companies to do for a cyber attack.

Three things we can learn from the Maersk cyber attack




Last week, the malware Petya infected computers worldwide in a cyberattack, including the diversified Danish giant Maersk, owners of the largest shipping line in the world. In addition to several other industries, Maersk also owns the global terminal operator APM Terminals, and they were affected by Petya as well. In an update issued to customers yesterday,… Read more »


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