Federal Maritime Commission news release:
Acting Chairman of the Federal Maritime Commission Michael A. Khouri today designated the agency’s Managing Director, Karen V. Gregory, to serve as Regulatory Reform Officer.
Ms. Gregory will stand up a Regulatory Reform Task Force that will work to identify burdensome, unnecessary, and outdated directives and recommend how they should […]
”Our goal in the FBI is to expose the back room deals and secret handshakes and to stop the culture in some businesses that allows these crimes to take place,” said special agent Steve Vogt after Toru Otoda, a ‘K’ Line executive, was sentenced to 18 months in US prison and fined USD20,000 in […]
The Federal Maritime Commission (FMC) has completed a compromise agreement with Siem Car Carriers AS, a vessel-operating common carrier based in Oslo, Norway, after submitting a voluntary disclosure to the Commission, earlier this year, identifying certain unfiled space charter agreements with respect to its provision of Roll On–Roll Off (RoRo) transport services for the movement […]
The US Federal Maritime Commission (FMC) has cleared the proposal for the P3 alliance, formed by Denmark’s Maersk Line, the Switzerland-based Mediterranean Shipping Company MSC and France’s CMA CGM. The FMC ruling takes effect on Monday 24 March and will apply to trades between the USA and Asia, North Europe and the Mediterranean, FMC said […]
Mitsui O.S.K. Lines Ltd. (MOL) has agreed to pay $1,275,000 in penalties under a compromise agreement with the Federal Maritime Commission. The agreement between the FMC and MOL and its corporate affiliate Nissan Motor Car Carrier Co. (NMCC) resolves allegations that MOL and NMCC violated section 10(a) of the Shipping Act, 46 U.S.C. § 41102(b), […]
The Federal Maritime Commission announced compromise agreements reached with two common carriers operating pure car carriers (PCCs) and roll on/roll off (RO/RO) vessels in U.S. inbound and outbound trades. Under these separate agreements, Kawasaki Kisen Kaisha Ltd. (K Line), paid $1,100,000 in civil penalties and Nippon Yusen Kaisha (NYK Line), paid $1,225,000 in penalties. Both […]