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FMC to demand rate, capacity from shipping alliances

Author:   Posttime:2022-05-19

THE US Federal Maritime Commission (FMC) is demanding more information and pricing from container shipping alliances, reports Colchester's Seatrade Maritime News.

The alliances are accused of profiteering from the supply chain crunch.
New monitoring requirements will see 2M, Ocean Alliance, and The Alliance, are mandated to provide the FMC's Bureau of Trade Analysis (BTA) with insight into the pricing of individual trade lanes and by container and service type.
"Under the new requirements, carriers participating in an alliance will need to submit pricing information about cargo they move on the major trade lanes, and both carriers and alliances will be mandated to submit comprehensive information related to capacity management," said the FMC.
The nine carriers in the three largest container shipping alliances control 80 per cent of global box shipping capacity.
The commission declared its main responsibility was to continuously monitor agreements and determine if there was any anti-competitive behavior

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