FMC will investigate whether container lines are abusing their market position.
Nine international shipping lines are being audited to see if they are following detention and demurrage requirements. The Federal Maritime Commission audits nine of the top container carriers operating in U.S. markets to see if they abuse their market position by overcharging shippers for detention and demurrage costs. According to FMC Chairman Daniel Maffei, the Vessel-Operating Common Carrier Audit Program will also "provide additional information valuable to the regular monitoring of the marketplace for ocean cargo services." Maersk, MSC, CMA CGM, COSCO Group, Hapag-Lloyd, ONE, Evergreen, HMM, and Yang Ming are the top nine carriers by market share covered in [...]