17
Jun
This week, Congress approved the Ocean Shipping Reform Act of 2022, legislation that officials hope would help alleviate challenges along the supply chain. President Joe Biden is expected to sign the legislation into law, which would broaden the Federal Maritime Commission’s authority to promote U.S. exports and allow it to create a shipping exchange registry. The legislation would also help to make the detention and demurrage complaint process more efficient and make clear ocean carrier practices related to detention and demurrage charges and space accommodations on vessels. “Nine multinational ocean shipping companies formed three consortiums to raise prices on American…