In a constructive effort to enforce the Ocean Shipping Reform Act of 2022, the FMC has formed the Bureau of Enforcement, Investigations, and Compliance. Called “a body with teeth,” the Bureau will have the power to hold carriers accountable after years of limited oversight and out-of-control market conditions have left them raking in record profits with rock bottom service levels.
“Robust enforcement of the Shipping Act is absolutely key to the effectiveness of the Federal Maritime Commission,” said Chairman Daniel B. Maffei, as quoted in Maritime Executive. “This reorganization has the support of all five commissioners and creates a structure better suited to meeting the mandate the President and Congress have given this agency to prioritize enforcement. Specifically, it enhances FMC’s capacity to closely scrutinize the conduct of the ocean carrier companies and marine terminal operators to ensure compliance with the law and fairness for American importers and exporters.”