US House to Clear Path for Ocean Shipping Reform Act to Become Law

Bigdog

Bigdog

Harris - make America a 3rd world shithole
Passed with bipartisan support.

I think this is a bad idea. We'll see. IMO, this could damage our supply chains even further. These Ocean shippers could do a "slow down" to U.S. in protest or because it's not economically feasible to do business with the U.S..


"House sends Ocean Shipping Reform Act to Biden for signaturehttps://www.agri-pulse.com › articles › 17840-house-ap...
2 days ago — The House of Representatives voted 369-42 Monday to approve the Senate's version of the Ocean Shipping Reform Act in an effort to reduce ..."

https://www.maritime-executive.com/...h-for-ocean-shipping-reform-act-to-become-law

" They argued that in the rush to get empty containers back to Asia, the carriers were making it difficult for U.S. companies to export their goods.

The Senate version of the bill addresses the fees charged by the carriers as well as business practices most often cited by U.S. manufacturers and the agricultural sector. The bill prohibits ocean carriers from unreasonably declining shipping opportunities for U.S. exports, with the FMC determining the policies in a new rule making authority. Further, it requires ocean common carriers to report to the FMC each calendar quarter on total import and export tonnage and TEUs (loaded/empty) per vessel that call at U.S. ports. The FMC’s authority is also expanded with new authorization to self-initiate investigations of ocean common carrier’s business practices and apply enforcement measures as well as new registration requirements for shipping exchanges. Ocean carriers also have additional requirements to justify fees charged to shippers, including D&D, and the FMC gets new authorities to impose penalties against the carriers for unreasonable fee policies."
 
"In my State of the Union address, I called on Congress to address ocean carriers’ high prices and unfair practices because rising ocean shipping costs are a major contributing factor to increased costs for American families. During the pandemic, ocean carriers increased their prices by as much as 1,000%. And, too often, these ocean carriers are refusing to take American exports back to Asia, leaving with empty containers instead. That’s costing farmers and ranchers—and our economy—a lot of money. "

https://www.whitehouse.gov/briefing...ssional-passage-of-ocean-shipping-reform-act/

On the flip side, Pricier foreign imports make American goods more competitive.
 
Bigdog said:
I do wonder if the Socialist Chinese gov't pressured these Shippers to return EMPTY.
Click to expand...

empty is, on the surface, a terrible idea obviously but there have been a massive number of cargo containers sitting in limbo for months and months and months. It doesnt make sense to just endlessly make MORE of them so of course Xi needed to get some back pronto. He doesnt care if we ship to China but he sure as shit needs to ship to us.

this is a needless law that will add needless burocracy and just run up costs.

a permanent solution to a temporary problem.
 
Celticguy said:
empty is, on the surface, a terrible idea obviously but there have been a massive number of cargo containers sitting in limbo for months and months and months. It doesnt make sense to just endlessly make MORE of them so of course Xi needed to get some back pronto. He doesnt care if we ship to China but he sure as shit needs to ship to us.

this is a needless law that will add needless burocracy and just run up costs.

a permanent solution to a temporary problem.
Click to expand...

I see. Interesting :thup:
 
"We are doing something!"

THe claim that shipping companies take empties rather than full containers and thus paid freight is an obvious lie, as anyone with common sense can tell.
 
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For every one container of goods America exports we import five containers. What has been a problem is shipping companies not making enough effort to take the empties out, which then pile up and jam the ports, and then leads to a massive container shortage and thus massive price increases for container usage. The actual problem is exactly the opposite of what the Swamp claims, which sadly is about par now.
 
Hawkeye10 said:
For every one container of goods America exports we import five containers. What has been a problem is shipping companies not making enough effort to take the empties out, which then pile up and jam the ports, and then leads to a massive container shortage and thus massive price increases for container usage. The actual problem is exactly the opposite of what the Swamp claims, which sadly is about par now.
Click to expand...
thanks for teh info
 
Bigdog said:
Passed with bipartisan support.

I think this is a bad idea. We'll see. IMO, this could damage our supply chains even further. These Ocean shippers could do a "slow down" to U.S. in protest or because it's not economically feasible to do business with the U.S..


"House sends Ocean Shipping Reform Act to Biden for signaturehttps://www.agri-pulse.com › articles › 17840-house-ap...
2 days ago — The House of Representatives voted 369-42 Monday to approve the Senate's version of the Ocean Shipping Reform Act in an effort to reduce ..."

https://www.maritime-executive.com/...h-for-ocean-shipping-reform-act-to-become-law

" They argued that in the rush to get empty containers back to Asia, the carriers were making it difficult for U.S. companies to export their goods.

The Senate version of the bill addresses the fees charged by the carriers as well as business practices most often cited by U.S. manufacturers and the agricultural sector. The bill prohibits ocean carriers from unreasonably declining shipping opportunities for U.S. exports, with the FMC determining the policies in a new rule making authority. Further, it requires ocean common carriers to report to the FMC each calendar quarter on total import and export tonnage and TEUs (loaded/empty) per vessel that call at U.S. ports. The FMC’s authority is also expanded with new authorization to self-initiate investigations of ocean common carrier’s business practices and apply enforcement measures as well as new registration requirements for shipping exchanges. Ocean carriers also have additional requirements to justify fees charged to shippers, including D&D, and the FMC gets new authorities to impose penalties against the carriers for unreasonable fee policies."
Click to expand...

More regulations rarely makes things better.
 
Celticguy said:
empty is, on the surface, a terrible idea obviously but there have been a massive number of cargo containers sitting in limbo for months and months and months. It doesnt make sense to just endlessly make MORE of them so of course Xi needed to get some back pronto. He doesnt care if we ship to China but he sure as shit needs to ship to us.

this is a needless law that will add needless burocracy and just run up costs.

a permanent solution to a temporary problem.
Click to expand...

Good time to buy 2 and bury them in the back yard? :awesome:

I agree with the needless law thing. Somehow it will have far-reaching negative results. Things like that usually do.
 
Bigdog said:
Passed with bipartisan support.

I think this is a bad idea. We'll see. IMO, this could damage our supply chains even further. These Ocean shippers could do a "slow down" to U.S. in protest or because it's not economically feasible to do business with the U.S..


"House sends Ocean Shipping Reform Act to Biden for signaturehttps://www.agri-pulse.com › articles › 17840-house-ap...
2 days ago — The House of Representatives voted 369-42 Monday to approve the Senate's version of the Ocean Shipping Reform Act in an effort to reduce ..."

https://www.maritime-executive.com/...h-for-ocean-shipping-reform-act-to-become-law

" They argued that in the rush to get empty containers back to Asia, the carriers were making it difficult for U.S. companies to export their goods.

The Senate version of the bill addresses the fees charged by the carriers as well as business practices most often cited by U.S. manufacturers and the agricultural sector. The bill prohibits ocean carriers from unreasonably declining shipping opportunities for U.S. exports, with the FMC determining the policies in a new rule making authority. Further, it requires ocean common carriers to report to the FMC each calendar quarter on total import and export tonnage and TEUs (loaded/empty) per vessel that call at U.S. ports. The FMC’s authority is also expanded with new authorization to self-initiate investigations of ocean common carrier’s business practices and apply enforcement measures as well as new registration requirements for shipping exchanges. Ocean carriers also have additional requirements to justify fees charged to shippers, including D&D, and the FMC gets new authorities to impose penalties against the carriers for unreasonable fee policies."
Click to expand...

When government gets involved it rarely ends well.
 
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