2017 Archive - Federal Maritime Commission
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Archive for 2017

Remarks of Commissioner Rebecca Dye AAPA Annual Convention

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Thank you. It’s a pleasure to be here at AAPA’s annual convention today. FMC Focused on Ports As my good friend, former colleague, and Port of Long Beach Executive Director, Mario Cordero, will attest, American seaports have become increasingly central to the work we do at the Federal Maritime Commission…. Read More »

Commission Meets to Hear Briefings on Supply Chain Teams, Shipping Forum, Procedural Changes and Discuss Petition

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Contact: John K. DeCrosta (202) 523-5911 The Federal Maritime Commission met this morning where it received briefings in open session on changes to the agreement review process, progress with the Supply Chain Innovation Teams, and the recently concluded London International Shipping Week, and in closed session, it received a briefing… Read More »

THE Alliance Authorized to Establish Contingency Fund

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NR 17-17 Contact: John K. DeCrosta (202) 523-5911 The Federal Maritime Commission voted today to allow an amendment to THE Alliance Agreement to go into effect that permits establishing a contingency fund that can be used to help member carriers manage through, and recover from, the insolvency or financial distress… Read More »

Statement from Commissioner Maffei on Bankruptcy Amendment to THE Alliance

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Commissioner Daniel B. Maffei released the following statement regarding the Federal Maritime Commission’s (FMC) vote to approve the bankruptcy amendment to THE Alliance, FMC Agreement No. 012439. “The Hanjin bankruptcy was a wake-up call to many in the maritime industry. In the bankruptcy’s aftermath, one of the biggest challenges facing… Read More »

THE Alliance establishes $50 million insolvency contingency fund

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On September 13, 2017, I voted to expedite the Commission’s decision and support THE Alliance’s amendment authorizing creation of a contingency trust fund designed to protect customers’ cargo and the ocean transportation chain should one of THE Alliance’s carriers experience financial distress or an insolvency event. I support the goal… Read More »