The bill could greatly reduce the practice of sending empty cargo boxes back to China, among other countries, and gives American exporters more opportunities to ship goods abroad.It would also give the Federal Maritime Commission more power to penalize ocean carriers and require more public disclosure from carriers.
The bill also adds “reciprocal trade” as one of the FMC’s missions, taking aim at reducing the U.S.’s trade imbalance and correcting what’s been perceived as unfair treatment of American exporters.Supply chain players in the U.S. have been calling on Congress and the White House to do more to alleviate shipping and transportation costs and wait times.House Democratic leadership to consider additional legislation to address supply chain disruptions.Ocean cargo carriers have been rejecting some U.
The World Shipping Council, which represents carriers including Maersk, Hapag-Lloyd and other global shipping giants, said in a that the bill is a “political” expression of frustration that is not designed to nor can it fix supply chain problems.The legislation moves now to the Senate, which will consider its own version of the bill.Our goal is to create a safe and engaging place for users to connect over interests and passions.
The Ocean Reform Act Passes the House | What's Going on With Shipping? Examines the legislation, the existing powers of FMC_gov, what the bill proposes to change, and the response against the bill, particularly that of WSC_shipping.