For hundreds of years, the ocean carriers have held the cards, but 2022 may just be the year to balance the scales. So far this year, we have seen the passage of the Ocean Shipping Reform Act (OSRA) by the US Congress, the passage of AB2406 by the California legislature, the assessment of fines by the Federal Maritime Commission (FMC) upon the ocean carriers for unfair business practices, and up next the contemplation by the FMC to declare an emergency order to share data among industry stakeholders as well as define what is considered unreasonable rejection of export cargo.
CARB SETBACK
Both the US Congress and US Senate voted to revoke the Environmental Protection Agency's (EPA) waivers allowing the California Air Resources Board (CARB) to continue to enact their low-NOx Omnibus regulation as well as their Advanced Clean Truck (ACT) regulation. The...