FMC

The U.S. Federal Maritime Commission (FMC) published a final rule on Feb. 20 that gives the agency increased authority over licensed ocean transportation intermediaries (OTIs), including ocean freight forwarders and non-vessel-operating common carriers (NVOs). The FMC's five commissioners voted...

The U.S. Federal Maritime Commission (FMC) on Friday published a proposed rule that will eliminate a Shipping Act requirement for ocean container carriers to publish the essential terms of their service contracts with shippers. Essential terms are currently provided to the FMC by the ocean...

When Carl Bentzel was sworn in as commissioner of the U.S. Federal Maritime Commission on Dec. 9, his career in federal service in a sense had come full circle. Fresh out of law school, Bentzel began his career in 1990 serving as counsel on the House Merchant Marine and Fisheries Committee for the...

The U.S. Federal Maritime Commission (FMC) voted unanimously Wednesday to issue a final rule implementing new agency authority under the 2018 Frank LoBiondo Coast Guard Authorization Act. The legislation gave the FMC increased authority over those licensed ocean transportation intermediaries (OTIs...

The U.S. Federal Maritime Commission (FMC) has raised its civil penalty amounts for violations of the Shipping Act and other maritime laws that the agency enforces, effective Wednesday. The FMC, as required by the 2015 Federal Civil Penalties Inflation Adjustment Act Improvements Act, must adjust...

The U.S. Federal Maritime Commission in a Dec. 20 order said it will proceed with a proposed rule to exempt ocean container carriers from an essential terms publication requirement in the Shipping Act. Essential terms are currently provided to the FMC by the ocean container carriers in tariff...

The U.S. Federal Maritime Commission is already facing a packed agenda of industry issues, and it is only the first month of the federal government's new fiscal year.  The FMC will review the shipping public comments related to its proposed interpretive rule on the fair assessment of demurrage and...

The U.S. Federal Maritime Commission in response to a petition filed by the World Shipping Council in September 2018 approved a recommendation to exempt ocean container carriers from essential terms publication requirements in the Shipping Act.  Essential terms are prepared by the ocean container...

The U.S. Federal Maritime Commission has published on its website the notice of a proposed "interpretive" rule to address future demurrage and detention disputes brought before the commission by the container shipping industry. Through the proposed rule, the FMC provides guidance under the...

The U.S. Federal Maritime Commission on Sept. 6 unanimously approved a set of recommendations to bring about fairness in the way demurrage and detention fees are administered by ocean carriers and marine terminal operators against American shippers. Commissioner Rebecca Dye delivered her...

The Federal Maritime Commission said it is allowing a joint venture between two adjacent marine terminals at the Port of San Juan in Puerto Rico to go into effect, but "concerns about the agreement and its impact on the marketplace will lead the FMC to adopt a more vigorous oversight plan than its...

The cover story in this weekend's Barron's shares the results of the latest Big Money Poll. U.S. money managers share their outlook for interest rates, the economy and more, including stock picks for the next 12 months. Other featured articles offer various Barron's stock...

This weekend in Barron's online: the bullish outlook for 2015, as well as the prospects for Carnival, Royal Caribbean, FMC and more. Cover Story "Outlook 2015: Stick With the Bull" by Vito J. Racanelli. Top strategists from Wall Street anticipate a rally of 10 percent in the S...

U.S. stocks were mixed on Thursday as the Dow Jones index traded lower by 206 points before recouping most of these losses. However, the index closed the day in negative territory for the sixth straight day, despite encouraging U.S. labor data being reported. Speaking to Bloomberg, St. Louis...

U.S. stocks declined sharply as investors digest reports of a confirmed case of Ebola in the United States. In addition, economic data released on Wednesday was mixed, at best. Construction spending fell during August while ISM manufacturing came in weaker than expected. Bulls are hoping that...