Gram Car Carriers agrees to $700 Million acquisition by MSC subsidiary
GENEVA : Gram Car Carriers ASA (GCC) has announced the acceptance of a voluntary cash offer from SAS Shipping Agencies Services Sàrl (SAS), a wholly-owned subsidiary of MSC Mediterranean Shipping Company, the world’s largest
FMC dismisses MSRF’s complaint against HMM
PHILADELPHIA : The US Federal Maritime Commission (FMC) has thrown out US gourmet food producer MSRF’s complaint against South Korean liner operator HMM. In June 2022, MSRF complained against HMM and Taiwanese liner operator Yang Ming
FMC in tussle with MSC over $1,000 surcharge
WASHINGTON, D. C. : The Ocean Shipping Reform Act of 2022 (OSRA 2022) broke new ground, in creating mechanisms for cargo interests to challenge charges initiated by carriers that are potentially not conforming with
MOL is the First Japanese Company to Join First Movers Coalition’s Shipping Sector- Toward the Decarbonization of the Ocean Shipping Industry
TOKYO : Mitsui O.S.K. Lines, Ltd. announced that it joined the Shipping Sector of the First Movers Coalition (FMC) during the World Economic Forum Annual Meeting which was held from January 16-20, 2023. Ocean
FMC raises concerns over Ports America acquisition
Federal Maritime Commissioners Carl W. Bentzel and Louis E. Sola have written a letter to United States Secretary of the Treasury Janet Yellen expressing concern with the potential investment proposed by the Canada Pension Plan Investment
US, China, Europe grapple with container shipping bottlenecks
The world’s largest regulatory agencies overseeing international container trades met remotely to discuss rampant supply chain disruptions as carriers and their customers brace for more turmoil during the fall peak shipping season. The fifth
International regulators meet to discuss shipping competition issues
The fifth biennial meeting of the Global Regulatory Summit consisted of representatives from Federal Maritime Commission (FMC), the European Union and the Republic of China, has been held virtually on 7 September, with the
FMC Commissioner ‘Troubled’ by reports of Ocean Carriers refusing Hazardous Import Cargoes
WASHINGTON : The Federal Maritime Commission (FMC) in the United States has been alerted to reports that ocean carriers are refusing import cargoes of hazardous materials, to the harm of chemical supply chains for
