U.S. Federal Maritime Commission anticipates COVID-19 impact on U.S. supply chain to continue into the first half of 2021.
On the whole, deregulation of transportation is beneficial to the economy.
U.S. Federal Maritime Commissioner Rebecca Dye said Fact Finding 29’s work will help the American ocean shipping industry better prepare the supply chain for the post-virus economic recovery.
Shippers and forwarders will be cautious with how much cargo they commit to the ocean container carriers this contract season, industry experts say.
Service contract negotiations between container carriers and shippers are being disrupted by the COVID-19 pandemic, the U.S. Federal Maritime Commission says.
CEVA and DHL free themselves from contractual constraints to realign operations and facilitate pricing flexibility during pandemic.
“We will continue to work with the FMC to make sure that outdated regulations do not prevent the marketplace from working at maximum efficiency,” said World Shipping Council President and CEO John Butler.
The Agriculture Transportation Coalition has developed service contract guidance its members can use to set parameters for when ocean carriers should issue or withhold detention and demurrage charges.
The U.S. Federal Maritime Commission will proceed with proposed rule to eliminate the requirement for vessel-operating common carriers to publish essential terms of service contracts.
The World Shipping Council considers next steps after the U.S. Federal Maritime Commission on September 26 denied a part of its petition calling for the elimination of service contract filing.
