The Federal Maritime Commission announced the filing of two agreements under the Shipping Act of 1984. The first agreement, titled APL/MLL MECL-EX1 Slot Exchange Agreement, involves American Presidents Line, LLC and Maersk Line, Limited, allowing them to exchange cargo space on specific shipping routes. The second agreement, named Hoegh/Accordia Space Charter Agreement, involves Accordia Shipping LLC and Hoegh Autoliners AS, authorizing them to charter cargo space between U.S. and international ports. The Commission welcomes public comments on these agreements, particularly within 7 days for those requesting expedited review.
Simple Explanation
The Federal Maritime Commission is talking about two new deals where shipping companies are teaming up to share space on their ships to move goods. They also want people to tell them what they think about these deals in the next few days.