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Shipping Importers Ocean Transportation System

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What Do Importers and Shippers Need to Know about the FMC’s New Rule on D&D Invoices?

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On February 23, 2024, the Federal Maritime Commission (FMC) issued a Final Rule intended to add clarity to invoicing requirements outlined in the Ocean Shipping Reform Act of 2022 (OSRA 2022). In particular, the Final Rule...more

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FMC Allows Rate Hikes for Carriers in Response to Red Sea Hostilities

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The Federal Maritime Commission (FMC) has granted special permission to ocean carriers to immediately increase the rates on containers that are being rerouted around the Cape of Good Hope in Africa or are retaining feeder...more

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The Disappearance Of The Service Contract In Ocean Shipping And Resurgence Of Ocean Tramp Practices

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The below e-mail recently received by the author paints the picture we are seeing a thousand fold in the current ocean shipping marketplace in the inbound/outbound Asia trade lanes which underscores the serous disconnect...more

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Suez Canal Blockage Could Worsen Port Congestion And Impact Usage Of Panama Canal

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According to media reports, a massive 400-meter container ship operated by Evergreen Marine Corp. in Taiwan, the Ever Given, became stuck in the Suez Canal after apparently running aground due to high winds from a sandstorm....more

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Micro Trends For 2021: Ocean Shipping Contracting Responses

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The major thrust of this post is to underscore certain micro trends which have emerged in the ocean transport industry in the recent past, which are not expected to transcend into macro territory, but will be present for a...more

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