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WORLD SHIPPING COUNCIL STATEMENT ON CONGRESSIONAL PASSAGE OF THE OCEAN SHIPPING
REFORM ACT

USAIndustry StructureCovid-19
Jun 13
Written By Anna Larsson

Washington, June 13, 2022 – Following Congressional passage of The Ocean
Shipping Reform Act of 2022, S.3580, the World Shipping Council released the
following statement:

 “Today’s vote on The Ocean Shipping Reform Act (OSRA) marks the conclusion of
the legislative phase and transition to the Federal Maritime Commission
rulemaking process. We appreciate the time and effort that Congress has put into
crafting this bill and look forward to engaging in productive conversations with
the Federal Maritime Commission to implement OSRA in a way that will minimize
disruption in the supply chain.

 “Throughout the COVID-19 pandemic, ocean carriers have gone all-out to keep
goods moving, deploying every vessel and every container available, increasing
sailings, and investing for the future. In 2021, carriers ordered a
record-breaking 555 vessels worth 42.5 Billion USD, and 208 vessels worth 18.4
Billion USD have been ordered year-to-date in 2022. But as long as America’s
ports, railyards and warehouses remain overloaded and unable to cope with the
increased trade levels, vessels will remain stuck outside ports to the detriment
of importers as well as exporters.  

 "We are appalled by the continued mischaracterization of the industry by U.S.
government representatives, and concerned about the disconnect between hard data
and inflammatory rhetoric. The 22 (not nine) international carriers that serve
the American people, industry and government on the Asia - United States trade
are part of the global supply chain that has built this country, importing and
exporting food, medicine, electronics, chemicals, and everything else we depend
on. The increased rate levels we have seen over the past years are a function of
demand outstripping supply and landside congestion, exacerbated by
pandemic-related disruption. The United States’ own Federal Maritime
Commission’s recent Fact Finding 29 investigation conducted over the past two
years concluded the same: ’Our markets are competitive and the high ocean
freight rates have been determined by unprecedented consumer demand, primarily
in the United States, that overwhelmed the supply of vessel capacity. Congestion
further constrained available capacity.’

 “Until the import congestion is remedied, export congestion will persist. The
World Shipping Council will continue to work with federal and state
policymakers, as well as other parties, to pursue the necessary lasting
solutions – such as continued investment in port infrastructure – that can have
real impact in strengthening the intermodal transportation system that has
supported the U.S. economy through the pandemic. Ocean carriers continue to move
record volumes of cargo and have invested heavily in new capacity – America
needs to make the same commitment and invest in its landside logistics
infrastructure.”

Read more about pandemic-driven supply chain congestion

Anna Larsson

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