During the tenure of the two members, the FMC has ramped up its oversight of the container shipping industry following widespread strains during the pandemic-era container surge.
The carrier’s CEO said buyers could be pulling orders forward because of concerns over global geopolitical uncertainties or that rates could be driven by a more general restocking to replenish inventories.
The Port Authority of New York and New Jersey will take full control of the Howland Hook marine terminal in Staten Island while New York City will take over Brooklyn’s Red Hook terminal.