US president Joe Biden signed into law the Ocean Shipping Reform Act (OSRA) on 16 June, which authorizes appropriations for the Federal Maritime Commission (FMC) for fiscal years 2022 through 2025.
Additionally, the law is expected to establish additional requirements and prohibited conduct for ocean carriers and require the FMC to issue rules related to certain fee assessments, prohibited practices, and establishment of a shipping registry.
Furthermore, the new law authorizes the FMC under...
https://container-news.com/us-president-biden-signs-the-ocean-shipping-reform-act-into-law/