The Federal Maritime Commission (FMC) has finalized two compromise agreements, recovering $1.35 million in civil penalties for Shipping Act violations. Hyundai Glovis, a vessel-operating common carrier, will pay $1.3 million for tariff discrepancies, while Olympiad Line LLC, a non-vessel-operating common carrier, agreed to a $50,000 settlement.
The U.S. Federal Maritime Commission (FMC) is investigating foreign flagging systems to assess their impact on shipping safety and fairness. Concerns arise over lax regulations that may jeopardize U.S. maritime operations. A public comment period invites stakeholders to address issues like inadequate inspections and the rise of unregulated ‘shadow fleets.’
The US Federal Maritime Commission has approved the Premier Alliance Agreement to start on February 9, 2025, replacing THE Alliance. Hapag-Lloyd has joined the Gemini Cooperation with Maersk instead. The Premier Alliance involves HMM, ONE, and Yang Ming sharing vessels on trade routes between the US and Asia, the Middle East, and Europe.
The world’s largest container carrier, MSC Mediterranean Shipping Co. SA, is fighting back against a proposed U.S. government fine of $63.3 million for alleged overcharging and false billings. The company, based in Geneva, Switzerland, called the penalties “excessive” and plans to defend itself vigorously. Industry veteran John McCown called the fine unprecedented.
