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03 July 2022 The on-line newspaper devoted to the world of transports 22:40 GMT+2

June 1, 2022

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Original news
The US FMC believes that in the shipping market containerized there is more than enough competition

The exceptional level of freight value, according to the agency, is the result of market dynamics

The preliminary investigation of the US federal agency Federal Maritime Commission (FMC) on increasing tariffs containerised maritime transport services during the COVID-19 pandemic, on the unreasonable charges applied by the maritime carriers in the sector, including those imposed for the excessive duration of container stops in terminals, and on supply chain dysfunctions attributed to the same carriers oceanic ended in favor of maritime carriers, which from several other parts of the supply chain, on the other hand, have been accused of having taken advantage of the circumstances determined by the global health crisis to artificially raise the value of sea freight ( of 17 September and 8 October 2020).

At the conclusion of the second phase of the investigation, in the report published yesterday by fmc, we read that Rebecca F. Dye, commissioner of the FMC which has been appointed Fact Finding Officer and has directed the investigation, "using consolidated tools antitrust analytics also used by agencies for the competition of our sisters (the Department of Justice and the Federal Trade Commission) - and despite some preconceptions - the current market for scheduled ocean services in traffic transpacific is not concentrated and transatlantic trades they are concentrated only minimally"."

And that's not all. According to the Federal Maritime Commission, "the competition between ocean carriers, between the three main alliances and among the members of each of these alliances, it is supported. The maritime services market - highlights the report - remains extremely contestable'. In addition, Rebecca Dye has detected whereas, 'although certain tariffs for maritime transport, in particular the spot rates, based on the time series are exceptionally high, these tariffs are accentuated by the pandemic, from an unexpected and unprecedented increase in spending of consumers, particularly in the United States, and congestion of the supply chain, and are the product of the forces of supply and demand market'.

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