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Empty Container Conundrum
It doesn’t seem so long ago that we lamented the equipment imbalance that plagued shippers who needed to find containers for their cargo. Currently, we’re watching ports and carriers trying to deal with the excessive number of containers that have been abandoned on their docks. In Chittagong last month, containers had to be destroyed to...
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President Biden signed the Ocean Shipping Reform Act (OSRA) of 2022 on June 16, 2022, after it passed through Congress with bipartisan support.  In a rare moment of agreement, Congress worked together to pass the OSRA, giving more power to the Federal Maritime Commission (FMC) to investigate reports of carrier issues, misapplied fees and refusing...
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Compounded Fees
There’s more than a bit of chaos in the port of Los Angeles and Long Beach, California with the new bill being passed and taking effect as of November 1st 2021. Starting November 15th, the compounded fees for containers in the ports will start being assessed.  Under the 90-day policy, the Port of Los Angeles...
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