Federal Maritime Commission News & Resources
U.S. House passes the Ocean Shipping Reform Act, with Biden set to sign it into law
June 14, 2022
Following its passage by the U.S. Senate in late March, the U.S. House of Representatives last night followed suit, passing the Ocean Shipping Reform Act (OSRA) of 2022 by a 369-42 margin. The bill is now headed to President Biden’s desk to be signed into law, and will represent the first revamping of U.S. ocean shipping laws going back to 1998.
DOJ and FMC intend to continue partnership focused on fair competition in ocean shipping sector
February 28, 2022
This follows a July 2021 inking of a Memorandum of Understanding (MOU), which formalized the working relationship between the organizations and established a framework for partnership between the FMC and DOJ’s Antitrust Division that “enhances cooperation in the enforcement of antitrust and competition laws, including the Shipping Act…by facilitating information exchange between and among attorneys, economists, and technical experts,” according to DOJ and FMC.
Ocean Shipping Reform Act of 2021 is passed by U.S. House of Representatives
December 9, 2021
The United States House of Representatives yesterday signed off on the bipartisan Ocean Shipping Reform Act of 2021, H.R. 4996, yesterday by a convincing 364-60 vote. The bill was introduced by Representatives John Garamendi (D-CA) and Dusty Johnson (R-SD) in August, with the objective of making the Federal Maritime Commission (FMC) “a more effective federal regulator.”
FMC urges Congressional leaders to address port terminal needs During COVID-19
May 1, 2020
In letters to the Chairmen and Ranking Members of the House Committee on Transportation and Infrastructure and the Senate Committee on Commerce, Science, and Transportation, Commissioners Carl W. Bentzel and Louis E. Sola urged Congressional leaders to consider a means to help alleviate and bridge the financial gaps that could jeopardize continued healthy operation of the nation’s domestic marine terminal industry and maritime transportation system.
Mitsui O.S.K. Lines Restructures with $1.45bn Loss
January 29, 2016
Despite reporting a nine-month profit of $110.22m, Mitsui OSK Lines (MOL) is forecasting a full loss of $1.45bn for the year ended 31 March 2016 as it undertakes structural reform of its container shipping and dry bulk businesses.
Federal Maritime Commission signs off on P3 Network Vessel Sharing Agreement
March 26, 2014
The P3 Network vessel-sharing agreement, whose objective is to give ocean carrier heavyweights Maersk, MSC, and CMA CGM the ability to discuss and agree on the size, number and operational characteristics of vessels to be operated on transatlantic and transpacific trade lanes between the U.S. and Asia, North Europe and the Mediterranean, was given the green light by the Federal Maritime Commission (FMC) earlier this month.
Federal Maritime Commission on Twitter