In the shipping industry, fuel efficiency is an important consideration for vessel operators, as it can have a significant impact on costs and the environment. Let's take a look at the world's most fuel-efficient container vessels, based on their capacity and the type of engines they use. From the [...]
United States (US) and European Union (EU) officials met this week to negotiate a new Tariff Rate Quota Agreement (TRQ) in the aftermath of the United Kingdom's (UK) 2021 exit from the EU. A portion of the UK's agricultural export quotas has been reallocated to the US, increasing the [...]
Service Employees International Union (SEIU) at over 15 U.S. airports went on strike to improve working conditions after safety claims were filed with the Occupational Safety and Health Administration (OSHRA). U.S. AIRPORTS ON STRIKE Formal strikes are planned for Chicago O’Hare International Airport, Newark Liberty International Airport and Boston Logan [...]
COMMISSION CONTRACTS WITH THE NATIONAL ACADEMIES OF SCIENCE The Federal Maritime Commission (FMC) is the federal agency responsible for implementing and enforcing the Ocean Shipping Reform Act (OSRA). The FMC announced on Monday that it contracted with the National Academies of Science (NAS) - in compliance with Section 19 of the [...]
The Ocean Shipping Reform Act of 2022 became Public Law 117-146 on June 16, 2022. On Thursday, July 14, the Federal Maritime Commission (FMC) published interim procedures for parties that need to dispute charges assessed by common carriers that may not comply with the Ocean Shipping Reform Act of [...]
UPDATE 6/17/2022: OCEAN SHIPPING REFORM ACT OF 2022 SIGNED INTO LAW ON JUNE 16 United States President Joe Biden signed the Ocean Shipping Reform Act of 2022 (OSRA-22) into law on June 16, 2022. SUMMARY OF S.3580 OCEAN SHIPPING REFORM ACT OF 2022 This bill revises requirements governing ocean [...]
UPDATE AS OF TUESDAY, JUNE 14, 2022 The Cargo Truckers Solidarity union and the South Korean Ministry of Land, Infrastructure and Transport reached a tentative agreement on Tuesday evening, ending an eight-day long nationwide trucking strike that impacted major manufacturing and shipping ports. It estimated that South Korea has lost $1.2 [...]
ABOUT NOFOLK SOUTHERN Norfolk Southern Corporation (NYSE: NSC) is one of the nation’s premier transportation companies. The Norfolk Southern Railway Company subsidiary operates approximately 19,300 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections [...]
FEDERAL MARITIME COMMISSION: FACT FINDING INVESTIGATION 29 FINAL REPORT Effects of the Covid-19 Pandemic on the U.S. International Ocean Supply Chain: Stakeholder Engagement and Possible Violations of 46 U.S.C. § 41102(C) On May 31, 2022, the Federal Maritime Commission (FMC) published Fact Finding Investigation 29 Final Report on “The Effects [...]
On March 31, 2022, the United States Senate passed the Ocean Shipping Reform Act (OSRA), which promises U.S. shippers increased regulation over international container shipping practices, such as, exports as well as demurrage and detention billing practices. Triggered by industry complaints over the past two years, U.S. lawmakers will allow [...]
