Ocean Carriers Brace For Regulatory Showdown

The Ocean Shipping Reform Act of 2021 would beef up the Federal Maritime Commission’s role in ensuring fair trade practices

The Ocean Shipping Reform Act of 2021 would beef up the Federal Maritime Commission’s role in ensuring fair trade practices

The fight over maritime container space and rates charged for ocean shipping service, which has been steadily growing more fractious throughout 2021, has suddenly spilled into the halls of Congress.

With ocean cargo shippers clamoring over market imbalance, claiming carriers are wrongly abusing their market position, a bi-partisan duo in the U.S. House has introduced a bill that would, if passed, implement a punch-list of reforms aimed at rebalancing the shipper-carrier dynamic and requiring more equitable treatment for containers of imports and exports.

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written on September 23, 2021

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