The Federal Maritime Commission announced the filing of an agreement under the Shipping Act of 1984 involving Hyundai Glovis Co. Ltd. and Sallaum Lines SA. This agreement, named the Sallaum/Hyundai Glovis Space Charter Agreement, is being expanded in its geographic scope and includes new provisions. Interested parties have the opportunity to submit comments via email or mail within a specified time frame. The proposed effective date for this amended agreement is January 3, 2025.
Simple Explanation
The Federal Maritime Commission has shared a new agreement between two shipping companies to work together. People should know more specifics about the changes to understand how it affects everyone, and they need enough time to share their thoughts on it.