Weekly Update: Week 8: February 20th-24th

Operations Update

VinExpo America  For those of you who missed us at Vinexpo Paris, we will also be attending VineExpo NY – March 8th – 9th at the Javits center in NY.  We will have a booth number 1509 – If you are attending, please drop by our booth, or if you would prefer a dedicated time,  please reach out to your account rep, or support@elentenyimports.com

Are you claiming CBMA this year?  There is still time for you to file CBMA claims for refunds at the end of Q1.  if you have products on the water or yet to be ordered that you wish to claim CBMA for, please provide Elenteny with your supplier’s Foreign Producer ID and allocations no later than two weeks prior to your wines’ landing so we can inform the broker clearing your wine. Need help or guidance on the new process? Reach out to Tom Davis at CBMA@elentenyimports.com or Tim Kealey Tim.Kealey@elentenyimports.com

Port Operations continue to show positive signs of improvement despite firm demand on European lanes as MSC & Maersk add additional vessels to the Mediterranean loop. In spite of lower overall demand, blank sailings have been minimal in 2023. Continued falling demand from China has freed up space at all U.S. ports, and demand is not building at the same pace as in 2022.

VinExpo Paris  Thank you to all of those who took the time to stop by the Elenteny Imports booth at the Vinexpo show in Paris last week. The Elenteny Imports staff was  joined by over 36,000 wine and spirits industry professionals from 149 countries. This massive show also included  3,387 exhibitors from 42 countries including some of our friends from Georgia, Austria, France and Italy. For those of you who attended, we hope you found what you are looking for. Please let us know if you need any help bringing your new finds stateside.  More details maybe found here

How’s your social feed performing? Peek at the fastest growing spirits brands on Instagram. https://www.thespiritsbusiness.com/2023/02/top-10-fastest-growing-spirits-on-instagram/

You’ve already celebrated President’s Day, now learn which presidents loved wine the most.https://www.winemag.com/2023/02/17/presidents-who-loved-wine/

What happens when a massive wave of new container vessels starts hitting the water in the months ahead? Next Chapter of Container Trades

As pandemic cargo surge eases, West Coast ports get back to normal. https://gcaptain.com/container-dwell-times-at-los-angeles-and-long-beach-ports-return-to-normal/

Shrinking demand for red wine has French vintners rethinking their vineyards. https://vinepair.com/booze-news/bordeaux-government-destroy-vines/

Spring is the time of plans and projects.

— Leo Tolstoy

Cheers, Elenteny Imports