FMC Announces New Monitoring Requirements for Ocean Carrier Alliances
The Federal Maritime Commission will now require global ocean carrier groups 2M, Ocean Alliance and THE Alliance to provide “enhanced” pricing and capacity information, the FMC announced May 5. The new information requirement will give the FMC more data to assess the “behavior” of ocean carriers, including information on the pricing of individual trade lanes by container and service type. The FMC now also will receive more carrier data “regarding capacity management decisions,” the agency said.
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The new monitoring requirement is the result of a yearlong review by the FMC’s Bureau of Trade Analysis to determine the type of data it needs to “properly analyze carrier behavior and marketplace trends.” The FMC said it assesses its reporting requirements on a “continuous basis” and may make changes to the requirements “as circumstances and business practices change.”