container service contracts Archives - Maritime Shipping News

OceanWaves: Driving accountability in contract performance

6 October 2021

This fireside chat is a recap from FreightWaves’ OceanWaves Summit on Wednesday.

FIRESIDE CHAT TOPIC: How much volatility can the ocean market take?

DETAILS: The risk of the market turning against you is ever present in negotiating ocean shipping contracts, and that can chill relations between shippers and carriers, both looking for an advantage. Longer contracts in the wake of severe disruption may become a more-or-less permanent solution to bring predictability and accountability to contracts.

SP...

https://www.freightwaves.com/news/oceanwaves-driving-accountability-in-contract-performance

FMC grants temporary tariff publication relief to CMA CGM

21 October 2020

The U.S. Federal Maritime Commission (FMC) voted on Tuesday to grant the temporary relief from certain service contract and tariff filing requirements requested by French ocean container carrier CMA CGM.

The carrier sought relief from commission regulations earlier this month as part of its efforts to respond to a crippling cyberattack on its computer system in late September.

The commissioners granted the request for exemption from relevant service contract filing requirements and relevant...

https://s29755.pcdn.co/news/fmc-grants-temporary-tariff-publication-relief-to-cma-cgm

FMC considers changing service contract filing requirements

10 October 2020

The U.S. Federal Maritime Commission (FMC) on Friday announced it initiated a notice of proposed rulemaking that will consider a change to regulations that would allow initial service contracts to be filed at the agency up to 30 days after the agreement’s effective date.

This action is separate from the temporary exemption granted by the commission in April and extended earlier this month.

FMC Chairman Michael Khouri sees this potential regulatory action as one of many taken by the agency in...

https://www.freightwaves.com/news/fmc-considers-changing-service-contract-filing-requirements

CMA CGM seeks tariff publication relief from FMC post-cyberattack

9 October 2020

French ocean container carrier CMA CGM has “urgently” petitioned the U.S. Federal Maritime Commission (FMC) to temporarily exempt it from meeting certain tariff publication and service contract filing requirements while it continues to clean up its systems from a recent cyberattack.

The carrier asked the FMC to use its authority under the Shipping Act to institute the exemption for a period of 60 days, starting on Sept. 27, when it was struck by the ransomware attack.

CMA CGM said the cyberattack...

https://s29755.pcdn.co/news/cma-cgm-seeks-tariff-publication-relief-from-fmc-post-cyberattack

Industry groups ready responses to FMC’s ocean carrier pricing review

8 October 2020

Freight transportation industry and shipper groups say they are preparing detailed responses to the U.S. Federal Maritime Commission (FMC) review of ocean carrier pricing practices.

The FMC, which announced the notice of inquiry on Wednesday, said it is seeking information from the container-shipping public on alleged attempts by ocean carriers to hold companies financially responsible for transportation services that they did not contract for and may not legally be required to pay.

The FMC said...

https://s29755.pcdn.co/news/industry-groups-ready-responses-to-fmcs-ocean-carrier-pricing-review

FMC examines ocean carrier billing practices

8 October 2020

The U.S. Federal Maritime Commission (FMC) said it is seeking information from the container-shipping public on alleged attempts by ocean carriers to hold companies financially responsible for transportation services that they did not contract for and may not legally be required to pay.

The FMC said it received comments for its earlier Docket No. 19-05, Interpretative Rule on Detention and Demurrage under the Shipping Act, from industry groups such as the Agriculture Transportation Coalition and...

https://s29755.pcdn.co/news/fmc-examines-ocean-carrier-billing-practices

How the FMC monitors ‘blank sailings’ and their competitive impacts

24 July 2020

The coronavirus pandemic has made the schedule-driven ocean container carriers seasick. To counter decreased U.S. import volumes and maximize vessel operations, these companies have resorted to the use of “blank,” or canceled, sailings.

Shippers and non-vessel-operating common carriers have struggled to manage their own fragile supply chains against hundreds of skipped-sailings announcements in recent months.

While blank sailings offer ocean container carriers a means to economize their...

https://s29755.pcdn.co/news/how-the-fmc-monitors-blank-sailings-and-their-competitive-impacts

FMC eases some publication requirements for ocean container carriers

11 June 2020

The U.S. Federal Maritime Commission (FMC) on Thursday adopted a final rule that eases certain publication requirements for ocean container carriers, providing partial relief sought by the World Shipping Council in a 2018 petition to the agency.

The FMC’s approval of the rule follows a Feb. 14 notice of proposed rulemaking, in which the agency received two public comments.

The new rule amends the FMC’s regulations...

https://s29755.pcdn.co/news/fmc-eases-some-publication-requirements-for-ocean-container-carriers