Doyle Votes for Additional Information from G6 Parties

Posted by Eric Haun
Wednesday, January 15, 2014
Commissioner William P. Doyle

Citing consumer interests, U.S.-flag international fleet, small businesses, suppliers and third parties such as terminals, vendors and bunker operators, Doyle submits additional questions to the G6 parties.

Federal Maritime Commissioner William P. Doyle voted to approve a request for additional information from the filing parties to the G6 Alliance Agreement. Now approved by a vote of the Commission, this request has stopped the 45-day regulatory waiting period. A new 45-day period will begin after the parties have submitted responses to the request for additional information.

On December 2, 2013, the G6 parties filed an Amendment with the Commission to extend their cooperation to all major east-west trades including those between Asia and the U.S. West Coast, and between Europe and the U.S. East Coast. The G6 parties consist of American President Lines, Ltd. (APL), Hapag Lloyd, Hyundai Merchant Marine Company (HMM), Mitsui O.S.K. Lines, Ltd. (MOL), Nippon Yusen Kaisha (NYK), and Orient Overseas Container Line (OOCL).

Currently, the G6 Agreement authorizes the parties to share vessel space with each other and also enter into cooperative working arrangements in Asia-U.S. East Coast trade. Their Amendment would extend their authorization to encompass the major east-west trades, including that between Asia and the U.S. West Coast, and between Northern Europe/Mediterranean and all U.S. coasts.

“I have reviewed the proposed G6 Amendment and agree with the questions proposed by the Commission,” stated Commissioner Doyle. He continued, “I also submitted questions related to the impact this Amendment would have on consumers, the U.S.-flag international fleet, small businesses and third party interests such as terminals, vendors and bunker suppliers.” Doyle finished, "I trust that the G6 parties will thoroughly address all the questions posed in the Commission’s request for additional information."

For reference and comparison: The proposed G6 Amendment for its new global network anticipates 180 – 220 vessels with a maximum capacity of 14,000 twenty-foot equivalent units (TEUs). The recently filed P3Network Vessel Sharing Agreement (VSA) proposes an initial deployment across all U.S. trades with an annual capacity of 130 vessels that range between 4,000 TEUs and 12,250 TEUs. The P3 VSA proposes to eventually expand to a maximum of 180 vessels of up to 19,200 TEUs.

Pursuant to regulatory statute, agreements filed with the Commission become effective after 45 days, but the Commission may request additional information and documents from the filing parties necessary to complete the required statutory review. Upon receipt of complete and adequate responses to the request for additional information, a new 45-day period begins.
 

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

New Binding Law of The Sea Agreement Advanced

WOC Sustainable Ocean Summit (Singapore, 9-11 November 2015) Will Enable Industry to Organize its Input to this Major New Ocean Treaty Development The U.N.

Oceans Can’t Take Any more: Researchers Fear Fundamental Change

Our oceans need an immediate and substantial reduction of anthropogenic greenhouse gas emissions. If that doesn’t happen, we could see far-reaching and largely

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

News

New Binding Law of The Sea Agreement Advanced

WOC Sustainable Ocean Summit (Singapore, 9-11 November 2015) Will Enable Industry to Organize its Input to this Major New Ocean Treaty Development The U.N.

Oceans Can’t Take Any more: Researchers Fear Fundamental Change

Our oceans need an immediate and substantial reduction of anthropogenic greenhouse gas emissions. If that doesn’t happen, we could see far-reaching and largely

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

Government Update

Antwerp, Duisburg Ports to Upgrade Rly Link

The Port of Antwerp and duisport are intensifying their cooperation as the Port of Antwerp will participate in the existing rail shuttle service connecting the two ports.

Greek Shipping Mulls Cyprus Move

Greek shipping companies are looking into moving to Cyprus due to the instability and uncertainty in Greece, it emerged, reports Cyprus News Agency.   The director

NITC Tankers Chart Western Course

Iran’s largest shipping company NITC, the privatized Iranian shipping company, is in talks for permission to sail in Western waters, says a report in WSJ.   NITC

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1762 sec (6 req/sec)