Port of NYNJ/OCEMA Agreement to Become Effective Sunday
Contact: John K. DeCrosta (202) 523-5911
A tie vote today by the Federal Maritime Commission will not prevent the Port of New York & New Jersey/OCEMA Discussion Agreement (FMC Agreement No. 012484) from going into effect this Sunday, June 25, 2017.
A majority vote is required for the Commission to take action on an agreement.
Two of the Commissioners voting today were concerned about the significant market share that Ocean Carrier Equipment Management Agreement (OCEMA) members and its individual carriers control at the Ports of New York & New Jersey and voted to seek additional information that would assist the agency in fully assessing the competitive effects and consequences of the agreement.
Two Commissioners voted to allow the agreement go into effect without requiring additional information at this time.
The Federal Maritime Commission is responsible for regulating the Nation’s international ocean transportation for the benefit of exporters, importers, and the American consumer. The Commission’s mission is to foster a fair, efficient, and reliable international ocean transportation system while protecting the public from unfair and deceptive practices.