Page 20 - Daniel Maffei News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Photo: Unsplash Within a day after the White House’s Executive Order on Promoting Competition in the American Economy, which included liner shipping among many industries to be examined, the Federal Maritime Commission (FMC), and the US Department of Justice (DOJ) signed a Memorandum of Understanding (MoU) paving the way for cooperation between the two. The significance of the MoU is that unlike the FMC, the DOJ has the power to bring criminal charges, and to prosecute alleged offenders of anti-competition rules. The Executive Order was particularly seen as targeting issues experienced by ...

Top U.S. Ship Regulator Pledges to Keep Pressure on Carriers Jul 09 2021, 11:39 PM July 09 2021, 10:46 PM July 09 2021, 11:39 PM (Bloomberg) -- President Joe Biden’s targeting of shipping lines in a crackdown on uncompetitive industries should be welcome news to American companies paying record-high rates for ocean freight, a market that a growing number of importers complain is dominated by just a few big players. (Bloomberg) -- President Joe Biden’s targeting of shipping lines in a crackdown on uncompetitive industries should be welcome news to American companies paying record-hig...

Top Maritime Regulator Sees Shipping Snarls Lasting to 2022 Getty Images The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small American companies can weather another year of a tangled transport system and much higher costs. “As you see the pandemic lift, I think you’re going to see changes in what’s demanded but demand is going to go up even further,” Dan Maffei, chairman of the Federal Maritime Commission, said in an interview. “If this is primarily a supply a...

Just days before a critical hearing before the Subcommittee on Coast Guard and Maritime Transportation about the crisis facing American importers, the ...

Out of an abundance of caution, carriers like Maersk extended the suspension of vessels into the ports from May 31-June 6.