News

Transatlantic demand continues to be hit by the pandemic, obliging carriers to extend blank sailings and putting rates under pressure.

Magnate Worldwide Ranks No. 1283 on the 2020 Inc. 5000

Masterpiece International’s Gregoire Simonet will complete his 3rd Ironman competition in Tallinn, Estonia while raising funds and awareness for Steps Together.

Masterpiece International is honored to be included in SupplyChainBrain’s 100 Great Supply Chain Partners for 2020!

Ocean carriers have moved forward with implementing the Aug 1st GRI.

It appears there is hope on the horizon. Below is a quick summary of the additional loaders coming into the TPEB market over the coming weeks.

We have been informed that works of art have been excluded from the Section 301 additional tariffs on goods from China (7.5%). Exclusions are retroactive, so importers may now claim refunds on additional duties paid on Chinese artwork imported since September 1, 2019.

USMCA The United States, Mexico, and Canada have updated NAFTA to create the new U.S. – Mexico – Canada Agreement (“USMCA”).

Demand for air freight ex-Europe is inconsistent, fluctuating on a week-by-week basis. Capacity remains tight as travel restrictions into and out of the U.S..

Record air freight rates have been recorded on TPEB routes as air freight capacity is struggling to keep up with the soaring demand for medical supplies.

On April 19, 2020, an executive order was issued instructing the Secretary of the Treasury to temporarily extend deadlines for estimated duty.

Due to the recent concerns regarding medical equipment and supplies being exported by unlicensed manufacturers, the Chinese government has enhanced the quality control of medical goods.