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Biden signs Ocean Reform Act; WSC says invest in landside logistics

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Logistics Update Africa News
Biden signs Ocean Reform Act; WSC says invest in landside logistics

U.S. President Joe Biden signed the Ocean Shipping Reform Act of 2022 in an attempt to control increasing inflation.

Key highlights of OSRA 2022 include:

*Appropriations for the Federal Maritime Commission (FMC) for fiscal years 2022 through 2025;

*Establishes additional requirements and prohibited conduct for ocean carriers;

*Requires the FMC to issue rules related to certain fee assessments, prohibited practices, and establishment of a shipping registry; and

*Authorises the FMC under certain circumstances to issue an emergency order requiring common carriers to share information directly with shippers and rail and motor carriers.


Fix landside problems: WSC "Recent weeks have seen several attempts to demonise ocean carriers by deploying 'us versus them' rhetoric," says the World Shipping Council in response to Biden signing the OSRA2022. "That is not only inaccurate but dangerous, as it undermines the ability to understand and work towards solving the root causes of America's supply chain problems. Ocean carriers are the longest link in the global supply chain that delivers vital supplies to American business, government and consumers. The supply chain is not foreign; it is global.


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