Regulation & Policy
The United States and any other country that is party to SOLAS can delay implementation of the International Maritime Organization’s controversial container weight rule by up to a year, a fact bound to increase pressure on the U.S. Coast Guard to extend the deadline past July 1 to avoid potential trade disruption.
Fitch Ratings is warning that the new International Maritime Organization’s Safety of Life at Sea container weight mandate is poised to slow cargo throughput at U.S. ports as carriers, shippers and terminal operators grapple with rule set to take effect July. 1.
U.S. lawmakers in the Senate Thursday overwhelmingly passed a U.S. Customs and Border Protection bill that will streamline import duties on goods destined to be re-exported and allow articles exported from the country to be commingled for the first time. The bill also toughens U.S. trade law enforcement and rules against currency manipulation.
In an indication of the range of issues that remain to be resolved in the U.S. before the SOLAS container weight rule takes effect in July, a public meeting of U.S. federal agencies, carriers, terminals and shippers (and media) will meet later this month in Washington under the auspices of the Federal Maritime Commission.
Maritime NZ, New Zealand’s maritime authority, is seeking stakeholder comments until March 11 on draft guidelines for compliance with the International Maritime Organization’s Safety of Life at Sea verified gross mass amendment.
Maersk Line, Mediterranean Shipping Co. and more than a dozen other carriers will revise their pricing practices to avoid fines and end an EU antitrust suit and investigation.
The White House’s $4.1 trillion budget proposal unveiled Tuesday once again falls far short of the targets set by legislation President Obama, himself, signed less than two years ago.
The Agriculture Transportation Coalition said a new international container weight verification rule threatens U.S. exporters with lost business and supply chain “turmoil,” and warrants a congressional inquiry.
U.S. Customs and Border Protection announced Monday it will be taking “a staggered approach” to the rollout of its “single window” initiative, after many said they simply weren’t ready for the new system.
Container lines, at least in the U.S., are starting to take forceful action to prepare for the Safety of Life at Sea, or SOLAS, weight verification rule.