Search results for: Federal Maritime Commission

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  • 29 May 2017

    The US Federal Maritime Commission (FMC) is on track with efforts to identify and address outdated, burdensome, or ineffective regulations, it was concluded at the commission’s meeting held on May 24. During the meeting, the FMC examined the next steps in its regulatory reform initiative which was launched earlier this year, progress made toward establishing a […]

  • 15 November 2017
    Business & Finance

    The US Federal Maritime Commission (FMC) said it recently received questions and complaints about some companies shipping cargo between the US and Brazil. The companies in question are Fastway Moving and Storage Inc. DBA Dream Cargo, Fastway Moving and Services Corp., Fastway Moving and Trading Inc., Donadel Auto Transport LLC, and Abreu Logistics USA LLC. As […]

  • 24 August 2015
    Business & Finance

    The Port of Oakland wants Saturday operations at its marine terminals, but first a labor shortage that has slowed vessel loading operations must be resolved, and the fee to fund Saturday operations must be reasonable and used exclusively for those operations, the Port’s Executive Director Chris Lytle said in a letter to the U.S. Federal Maritime Commission. […]

  • 24 August 2015
    Business & Finance

    The Port of Oakland wants Saturday operations at its marine terminals, but first a labor shortage that has slowed vessel loading operations must be resolved, and the fee to fund Saturday operations must be reasonable and used exclusively for those operations, the Port’s Executive Director Chris Lytle said in a letter to the U.S. Federal Maritime Commission. […]

  • 8 December 2016
    Business & Finance

    The Federal Maritime Commission has been asked to set new policy preventing terminal operators and ocean carriers from charging unfair fees when uncontrollable incidents keep cargo from being picked up from ports on time. “Recent events involving port congestion, labor strife, an ocean carrier bankruptcy, inclement weather and other disruption events have had crippling effects on […]

  • 28 November 2017

    Commissioner William P. Doyle of the U.S. Federal Maritime Commission (FMC) informed about his decision to leave the commission on January 3, 2018. Reflecting on the change in the international maritime industry including consolidations, mergers, bankruptcies and mega ocean carrier alliances, the Commissioner said he was involved in negotiating terms and conditions into carrier alliance […]

  • 25 February 2016
    Business & Finance

    The United States Federal Maritime Commission has completed compromise agreements recovering a total of USD 520,000 in civil penalties. The agreements were reached with one vessel-operating common carrier and four ocean transportation intermediaries (both non-vessel-operating common carriers and freight forwarders). The companies in question include German vessel-operating common carrier providing roll on-roll off (RO-RO) services Volkswagen Konzernlogistiks GmbH […]

  • 13 May 2016
    Business & Finance

    The United States Federal Maritime Commission has completed compromise agreements recovering a total of USD 840,000 in civil penalties from five ocean transportation intermediaries. The companies in question are Hecny Shipping, American Global Logistics LLC (AGL), Round The World Logistics (U.S.A.) Corp., Walker International Transportation LLC and Razor Enterprise dba Razor Cargo Services. The agreed […]

  • 24 October 2016
    Business & Finance

    The US Federal Maritime Commission (FMC) has concluded its review of the proposed OCEAN Alliance, allowing it to become effective on Monday, October 24, 2016. The OCEAN Alliance is comprised of French shipping company CMA CGM, China’s COSCO Shipping, Hong Kong-based Orient Overseas Container Line (OOCL) and Taiwanese Evergreen. Agreement members are now permitted to […]

  • 14 August 2017
    Business & Finance

    The members of THE Alliance are looking to form a contingency fund which would protect them in case one of the parties experiences financial distress or insolvency, the US Federal Maritime Commission informed. Parties to THE Alliance agreement, including Hapag-Lloyd, K Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming, filed an amendment with the FMC […]

  • 11 May 2016
    Business & Finance

    The latest market rumors on the formation of a new global carrier alliance seem to be true as companies that have been left out of the recently announced partnerships are gearing up to reveal a new alliance formation. Specifically, representatives of the liner companies are going to meet today with the United States Federal Maritime Commission to discuss their proposal, […]

  • 30 September 2016
    Business & Finance

    The US Federal Maritime Commission (FMC) has completed compromise agreements recovering a total of USD 338,000 in civil penalties from one vessel-operating common carrier and six ocean transportation intermediaries.  The companies at issue are Posey International, King Ocean, CL USA, Carlo Shipping International, Sino Connections, Baron Worldwide and China International. The agreed-to penalties resulted from […]

  • 7 March 2017

    The US Federal Maritime Commission (FMC) has voted to amend its rules involving Service Contracts and NVOCC Service Arrangements (NSAs) in order to ease regulatory burdens and make the agency’s rules more consistent with how the ocean shipping business is now practiced. “The Commission examined regulatory requirements for service contracts and NVOCC Service Arrangements in […]

  • 3 April 2018
    Business & Finance

    FMC has launched the first phase of investigation into port demurrage, detention, and free time practices.

  • 6 December 2016
    Business & Finance

    The shipping alliance proposed earlier this year, conveniently named THE Alliance, is raising the U.S. regulators’ eyebrows, as its strength might negatively impact local businesses. According to William P. Doyle, a Commissioner with the U.S. Federal Maritime Commission, the joint contracting and purchasing power of the proposed alliance has raised “serious concerns.” The alliance, to […]

  • 19 June 2015
    Business & Finance

    Monitoring of the ever growing shipping alliances warrants a closer contact and better communication between competition and regulatory authorities, the maritime regulatory authorities of the European Union, the People’s Republic of China and the United States said during a summit in Brussels yesterday. The regulatory authorities met in Brussels to discuss antitrust and regulatory issues in maritime transport, with a […]

  • 4 May 2016

    The United States Federal Maritime Commission (FMC) has launched an initiative comprising representatives from 34 companies to come up with solutions aimed at supply chain improvements that would help alleviate the US port congestion problems. FMC’s Supply Chain Innovation Team Initiative, led by Commissioner Rebecca F. Dye, would be working over the next two-days in teams […]

  • 18 September 2015
    Business & Finance

    Oslo-based car carrier Siem Car Carriers has agreed to pay USD 135,000 fine following a compromise agreement with the U.S. Federal Maritime Commission. FMC disclosed that earlier this year Siem Car Carriers submitted a voluntary disclosure to the commission which identified certain unfiled space charter agreements with respect to its provision of Roll On–Roll Off transport of new […]

  • 18 September 2015
    Business & Finance

    Oslo-based car carrier Siem Car Carriers has agreed to pay USD 135,000 fine following a compromise agreement with the U.S. Federal Maritime Commission. FMC disclosed that earlier this year Siem Car Carriers submitted a voluntary disclosure to the commission which identified certain unfiled space charter agreements with respect to its provision of Roll On–Roll Off transport of new […]

  • 25 June 2015
    Business & Finance

    The US federal Maritime Commission voted at its meeting on Wednesday to take several actions, including ordering submission of certain data and information from the ocean carrier members of the Pacific Ports Operational Improvement Agreement (PPOIA). FMC directed staff to prepare for consideration and approval, an order to require the ocean carrier members of the PPOIA agreement […]

  • 13 October 2016
    Business & Finance

    The US Federal Maritime Commission has reached an agreement with Norwegian car carrier Wallenius Wilhelmsen Logistics AS (WWL) and its corporate affiliate, Eukor Car Carriers, collecting a combined USD 1.5 million in civil penalties. The compromise agreement resolved allegations that WWL and Eukor violated a section of the Shipping Act by acting in concert with other […]

  • 19 January 2015
    Business & Finance

    U.S. Federal Maritime Commission Chairman Mario Cordero has identified the congestion issues that are plaguing the country’s ports as a priority for the Commission to address in 2015. Starting in September 2014, FMC Commissioners led public forums concerning port congestion and international supply chain efficiency issues. Chairman Cordero noted that this focus is in keeping with the […]