Marine link
 

Pressler Introduces Ocean Shipping Reform Act

Proposal would axe FMC In the first week of November, Senator Larry Pressler (R- S.D.), chairman of the Senate Committee on Commerce, Science, and Transportation, introduced legislation designed to deregulate the U.S. ocean shipping industry and eliminate the Federal Maritime Commission (FMC). The deregulation would be phased in through January 1, 1998.

The measure, dubbed the Ocean Shipping Reform Act of 1995, would transfer the duties of the defunct FMC to the Department of Transportation as soon as would be practical in FY '96. The measure would also eliminate government tariff and contract filing requirements, as well as government tariff enforcement and regulation, effective June 1, 1997. Under the measure, shippers and carriers would be allowed to enter into confidential service contracts; and independent rate actions on contracts would also be allowable, effective June 1, 1998. "This bill would produce an ocean transportation system that is up to the task of meeting the demands of U.S. businesses which strive to be competitive in the global marketplace ... This phased-in timetable provides for a common sense approach for getting the fed- eral government out of the business of regulating commercial practices which are better left to the private sector to administer," said Sen. Pressler.

The proposed Ocean Shipping Reform Act was created to strengthen U.S. laws against unfair competition by foreign shipping companies. The measure is a companion measure to legislation approved by the House of Transportation and Infrastructure Committee on August 2, 1995.




Maritime Contracts History

Avondale Alliance Claims Victory In LPD-17 Bid War
Avondale Wins Preliminary NAVSEA Design Contract
Avondale: Riding A Wave Of Profit With An Eye To The Future
Blount Lands Oyster Boat Contract
Bollinger's Barge Business Is Booming
Canadian Department Of National Defense Awards EDO $1.4 M Contract
Cascade Adopts New Labor Agreement
Companies Spanning The Globe Contract For Kvaerner Ships Equipment's Services
Crowley Receives USCG Contract For Ongoing Spill Cleanup In Puerto Rico
EPA Awards Seaward Services $5.6 Million Contract
Evergreen And Uniglory To Upgrade Container Fleets
Fednov Signs $100M Contracts For lour Bulk Carriors
Fighting To Retain Repair Leadership
GE, Raytheon Supply Trinity- Built Electric Plant Barge
HDW To Buy Fuel Cell Power Plant From Ballard
Kvaerner Wins Series Of Orders For Almost $160 Million
Lockheed Unit Wins $6.4 M For Radar Development
New Sulzer Reports Engine Order Influx
Newbuilding Contracts Continue To Boost Market
Oceaneering Awarded Three Long-Term ROV Contracts
Orange Shipbuilding Tackles Multiple Projects For Corps Of Engineers, Navy
Pan-United Wins Two Conversion Contracts
Sanders Wins $26 Million Navy Contract
SHIP REPAIR & CONVERSION
SSE Secures Further Contract For Two Container Vessels
Textron Marine Awarded $117.4 Million Navy LCAC Contract
Tracor Wins Navy Contract For Communications Systems Design
Trinity Wins Contracts To Build Ferries For Three States, Options For Two More
Tsuneishi Wins Contract To Build 125,000-DWT Shuttle Tanker
Westinghouse To Provide Diesel Engines For USCG Icebreaker
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright