US Federal Maritime Commission’s Response to Shipping Rate Increases and Legal Implications

2023-12-21 23:05:47

By Redacción PortalPortuario

@PortalPortuario

The United States Federal Maritime Commission reacted to the rate increases announced by the main shipping companies due to the attacks in the Red Sea. This situation has resulted in companies having to opt for a longer route through the Cape of Good Hope, which translates into additional costs that, if passed on to users, must comply with strict legal issues, the entity stated.

“The Federal Maritime Commission is aware that ocean carriers are adjusting the operations and deployments of their vessels in response to threats to commercial shipping in the Red Sea and Gulf of Aden regions,” the agency said.

“In doing so, carriers are announcing rate increases and/or instituting fees or surcharges ostensibly to recoup expenses associated with longer trips and/or higher insurance and security costs. However, these positions must meet strict legal requirements. Furthermore, competition between carriers should not be suspended, and carriers and parties to vessel sharing agreements should continue to obey the Shipping Act, other U.S. competition laws, and all other applicable laws,” he emphasized. the FMC.

“The Federal Maritime Commission is monitoring actions taken by ocean carriers related to rates, fees and surcharges to ensure their compliance with all legal and regulatory requirements,” the agency noted.

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