The Federal Maritime Commission has announced the filing of several agreements under the Shipping Act of 1984. Interested parties are invited to submit comments on these agreements via email or mail. Notably, the agreements include amendments for participation in the New York Shipping Exchange and revisions to space charter arrangements between major shipping companies. These agreements involve companies such as CMA CGM SA, Hapag-Lloyd AG, and Ocean Network Express Pte. Ltd., among others, with proposed changes becoming effective by March 12, 2025.
Simple Explanation
The Federal Maritime Commission is talking about some new rules they're checking out. These rules involve big boat companies, like CMA CGM SA and Hapag-Lloyd AG, who want to change how they share space and work together when shipping things across the ocean. People can say what they think about these rules until they become real in March 2025.