Mediterranean Shipping Company earned a substantial fine from the Federal Maritime Commission for three separate Shipping Act violations.
Container carriers’ request to extend the compliance deadline for new federal billing requirements is being vigorously opposed by their customers.
Shippers say a new Federal Maritime Commission rule meant to make billing more transparent will instead cause them more headaches.
Regulators have imposed new billing standards on ocean carriers that shippers consider a “major step” toward eliminating abuse.
Federal regulators have codified provisions of the Ocean Shipping Reform Act that may extract more compensation from ocean carriers for rule violations.
Ocean carriers will be subject to stricter requirements when they charge shippers fees on late containers if a proposed rule is adopted.
Trucking companies want the FMC to require better container storage data from the ocean carriers to speed cargo flow at the Port of New York and New Jersey.
Federal regulators are pressuring carriers at the Port of New York and New Jersey to compensate shippers and carriers for container storage.
A top regulator says more staff is needed to properly carry out new ocean carrier reforms signed into law by President Joe Biden.
New guidance from the Federal Maritime Commission on disputing ocean carrier charges is considered a “landmark moment” by U.S. exporters.
Container market experts advise carriers and shippers to act quickly now that new rules regulating ocean shipping are in effect.
President Biden plans to sign into law the Ocean Shipping Reform Act, the first ocean shipping regulations passed by Congress since 1998.
FMC rulemakings and reports included in the Ocean Shipping Reform Act of 2022 will begin taking shape soon after the bill is enacted. Here’s a breakdown.
“We are pleased with this settlement as it creates a common understanding in close cooperation and coordination with the authority on the future handling of demurrage and detention charges in the U.S.,” Hapag-Lloyd said.
U.S. export lobbyist Peter Friedmann discusses setbacks and progress made by shippers as they struggle to maintain market share overseas.
The FMC is considering minimum billing standards for late fees charged by ocean carriers for picking up and returning containers.
Bipartisan legislation introduced in the U.S. Senate would give maritime regulators power to shift the carrier-shipper balance.
The container shipping surge shows no signs of letup, but the Southern California ports say they are slowly clearing out the backlogs.
The ports of Los Angeles and Long Beach are turning into makeshift warehouses. Officials hope new fines on lingering cargo will end the practice.
The ports of Los Angeles and Long Beach haven’t informed federal regulators yet about their plans to hit ocean carriers with big fees for excessive storage of containers.
