Six Shipping Act agreements filed

FMC accepting comments through July 2.

Six Shipping Act agreements filed

FMC accepting comments through July 2.

Six Shipping Act agreements filed

FMC accepting comments through July 2.

 
The Federal Maritime Commission has provided notice of the filing of six agreements under the Shipping Act of 1984.
   Interested parties may submit comments on the agreements to the FMC until July 2. Copies of the agreements are available through the FMC’s website.
   The agreement by ocean common carriers to participate on the Exchange Board, No. 201234-002, adds Hyundai Merchant Marine as a party and removes MOL.
   The agreement by ocean common carriers to use standard service contract terms, No. 210235-002, adds HMM and Orient Overseas Container Line Limited as parties to the agreement and removes MOL.
   The exchange agreement for empty containers, No. 201257, authorizes ZIM Integrated Shipping Services and Ocean Network Express to exchange space with each other for the carriage of empty containers in all U.S. trades.
   The space charter agreement, No. 201258, authorizes Maersk Line to charter space to ZIM on Maersk’s UCLA service in the trade between the U.S. Gulf Coast and Brazil, Colombia, Mexico and Panama.

   Slot charter agreement 201259 authorizes Kyowa Shipping Co. to charter space to ONE on its South Pacific islands service.
   Agreement 201260 authorizes NYK Bulk & Project Carriers to charter space to ONE on its South Pacific service.
   More information is available from the Federal Register.

We want to see meaningful changes in China’s trade practices, but it makes no sense to punish Americans as a negotiating tactic. If the administration wants to put more pressure on China, it should form a multinational coalition with our allies who share our concerns.

Spot container rates from China/East Asia to the U.S. West Coast stood at $1,531 per FEU as of May 10, up 10.6% year-over-year, while rates from China/East Asia to the U.S. East Coast totaled $2,926 per FEU as of May 10, up 22.2% year-over-year, according to the Freightos Baltic Index.

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Six Shipping Act agreements filed

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Six Shipping Act agreements filed

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