Friday, 08 February 2019 09:53

Shipping Act revisions and new commissioners revitalise FMC

FMC

 

The FMC has been reinvigorated by the addition of two commissioners and new laws enacted late last year. In December, President Trump signed into law the Federal Maritime Commission Authorization Act of 2017, representing the first meaningful revision to US maritime competition legislation in 20 years. These amendments were made in response to pressure from terminal and tug operators that lobbied Congress over their concerns about the bargaining power of the global alliances. While the changes are regarded as evolutionary rather than revolutionary, sending a strong message to ocean carrier vessel-sharing agreements that they must not abuse their dominant position during collective bargaining negotiations.

 

 

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