FMC Probing Ocean Carrier Participation in New York Shipping Exchange Board
The Federal Maritime Commission has asked a group of major ocean shipping carriers to provide it with more information about an amendment to an agreement that would allow them to participate in the New York Shipping Exchange index governing board, “which shall discuss and agree on all aspects of the development, implementation, modification and auditing of container freight indices, as produced by NYSHEX,” the FMC said in a notice released March 14. The commission said its notice prevented “the proposed amendment to this agreement from becoming effective as originally scheduled” on March 12. The parties to the agreement are carriers CMA CGM, Hapag-Lloyd, COSCO Shipping Lines, COSCO Shipping Co., HMM, Maersk, and Ocean Network Express.
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Comments are due April 1, the commission said. The FMC published a notice in February saying that the agreement had been filed.