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WSC to FMC: Abandon rate index plans

Friday, June 29, 2012

The World Shipping Council, whose members account for roughly 90 percent of global liner vessel capacity, urged the U.S. Federal Maritime Commission to abandon its plans for an agriculture export commodities-based rate index. The FMC proposed developing an index beginning in March, and posted a notice of inquiry in late May, with a deadline of July 8 to submit comments . But WSC said Thursday the “commission’s establishment of a rate index for certain cargoes su...

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