US Government Taking Aim At Ocean Carriers?

July 10, 2021

US Government Taking Aim At Ocean Carriers?

The US government has seemingly taken aim at ocean carriers in an executive order signed by President Joe Biden on Friday (9th July).

The executive order encourages the FMC (US Federal Maritime Commision) to apply vigorous enforcement against carriers charging American businesses exorbitant charges.

The administration is understood to believe that the relatively small number of players in container shipping has contributed towards them charging unreasonable fees.

The order forms part of a wider sweeping crackdown on anti competitive practices, with the aim of introducing more competition throughout the economy.

How effective the FMC can or will be, in addressing the massive spike in Transpacific ocean rates during the past 18 months, remains to be seen.

We will be following this story closely.  

 

Atlantic Pacific continue to work diligently to mitigate supply chain disruption during these extremely difficult times. Should you require further information on the above, then please do not hesitate to contact us.  

 

 

Other News

Infamous Container Ship Due At Felixstowe

Infamous Container Ship Due At Felixstowe

Infamous Container Ship Due At Felixstowe     The infamous ‘Ever Given’, known around the world for blocking the Suez Canal for over a week, is finally due to arrive at Felixstowe today, over five months after it left Asia for Europe. The blockage in March...

read more
Covid Forces Chinese Flight Cancellations

Covid Forces Chinese Flight Cancellations

Covid Forces Chinese Flight Cancellations     Air freight from China is currently being impacted by a rise in covid cases, which has led to the cancellation of flights through Nanjing, Xiamen, and Fuzhou airports over the past few days. Chinese officials...

read more
Bangladesh Latest To Enter Full Lockdown

Bangladesh Latest To Enter Full Lockdown

Bangladesh Latest To Enter Full Lockdown   Following the latest global wave of coronavirus, Bangladesh is the latest Asian country to order a full lockdown, which has been declared until 5 August. With most factories ordered to shut down, export orders will...

read more
Typhoon To Hit Eastern China Sunday

Typhoon To Hit Eastern China Sunday

Typhoon To Hit Eastern China Sunday   Typhoon “In-fa” is expected to make landfall in Eastern China this weekend, which has led to the early closure of Shanghai and Ningbo in-gates. Forecasters are warning that the typhoon could reach 'Super Typhoon' status as it...

read more

Follow us on social media

Ocean Freight Solutions

Flexible FCL and LCL solutions with all major carriers and alliances.

Air Freight Services

Contracts with all major airlines and our own consolidation services.

European Road Freight

Pan European services for economy, express, full load, and intermodal.

Supply Chain Solutions

Tailored solutions built exclusively around your business requirements.

Logistics

Warehousing, e-commerce, fulfilment, container services and more.