The US maritime regulator said the ocean carrier will also refund third parties that paid detention bills and will limit future billing to shippers and consignees.
TMV said the new funding will seed companies that want to apply new technologies to the maritime industry, shipbuilding, and related infrastructure.
The move is likely to raise costs for forwarders and carriers as they devote more resources to ensure compliance with rate filing procedures, and it could hasten a wider shakeup in China’s logistics sector.
