The US Federal Maritime Commission (FMC) has launched an investigation to determine if pending Canadian regulations governing ballast water management systems of ships in the US-Canada Great Lakes trade have a disparate effect on US-flagged vessels and constitute a Foreign Shipping Practices violation under 46 USC Chapter 423. US-based companies operating ships in the US-Canada […]
US Federal Maritime Commission
US Federal Maritime Commission to hold public hearing on shipping conditions in Red Sea
The US Federal Maritime Commission (FMC) will hold an informal public hearing to examine how conditions in the Red Sea and Gulf of Aden regions are impacting commercial shipping and global supply chains. The hearing will allow stakeholders in the supply chain to communicate with the commission how...
How Increased Freight Rates Led To A Worldwide Supply Chain Dysfunction
- The average spot rate that container carriers charge for shipping containers from Shanghai to the US East Coast shot to a new record of $4,874 per 20-foot-equivalent unit.
- Freight rates for shipping containers from the US West Coast to North Asia are languishing at $600 per 40-foot equivalent unit.
- The Port of Los Angeles reported that imports of “loaded” containers for the four months of August, September, October, and November soared by 22% from the prior year, to 1.96 million TEU.
- The...
https://mfame.guru/how-increased-freight-rates-led-to-a-worldwide-supply-chain-dysfunction/
US Federal Maritime Commission to launch fact-finding mission on cruise lines’ Covid-19 issues
The US Federal Maritime Commission (FMC) is set to conduct a fact-finding investigation and work with key industry stakeholders to identify commercial measures that ..