The three global ocean carrier alliances (2M, OCEAN, and THE) and their affiliates will now be compelled to give more specific pricing and operating capacity on significant trade routes, says an article on Port News.
Need uniform data
In a news release, the Federal Maritime Commission emphasised the importance of receiving standard data to determine whether the big carriers’ behaviour is more or less anti-competitive.
New insights on Carriers
FMC’s provide fresh insight to Bureau of Trade Analysis (BTA) on how carriers and large coalitions manage their operational capacity.
According to the FMC, shipping businesses are already subjected to more intense and frequent examination than they were previously.
Violated the Shipping Act
The Commission also revealed that the Taiwanese company Wan Hai had been penalised for improper conduct. The carrier is accused of breaking the Shipping Act by calculating detention and demurrage payments incorrectly.
Wan Hai reportedly agreed to pay a $850,000 civil penalty in exchange for the allegation being withdrawn under a deal with the FMC.
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Source: Port News
