Ocean Shipping Reform Implementation Act of 2023

Ocean Shipping Reform Implementation Act of 2023

This bill addresses the influence of the Chinese government on the U.S. shipping industry.

Specifically, the bill prohibits port authorities from using LOGINK or any similar Chinese state-affiliated transportation logistics public information platform.

The bill also enhances the Federal Maritime Commission's authority to address market manipulation, including by designating a private vessel based in a nonmarket economy or otherwise anticompetitive country as a controlled carrier. (The commission regulates controlled carriers to ensure that they charge fair market rates for shipping cargo.)

Under the bill, the commission must accept and investigate complaints about potentially unlawful actions by shipping exchanges. (A shipping exchange is a data platform that enables businesses shipping goods to connect with carriers to transport those goods.)

The bill also requires the commission to establish a data standard to help facilitate the voluntary sharing of supply chain data among carriers, port authorities, and other shipping industry stakeholders. This standard must allow users to exchange data (using standardized terms and methods) in real time consistent with industry practices. The commission must also establish standards for price indexes published by shipping exchanges.

The bill also establishes a committee with members representing marine terminal operators and port authorities to advise the commission on competitiveness, reliability, and efficiency in the international ocean freight delivery system.

The Ocean Shipping Reform Implementation Act of 2023, also known as Bill 118 hr 1836, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address issues within the ocean shipping industry and implement reforms to improve efficiency and transparency.

One key aspect of the bill is the establishment of a Federal Maritime Commission (FMC) task force to investigate and address issues related to ocean shipping. This task force will be responsible for conducting studies, gathering data, and making recommendations to improve the competitiveness and reliability of the industry.

Additionally, the bill includes provisions to enhance transparency in the ocean shipping industry. This includes requirements for carriers to provide more detailed information on rates, charges, and service terms to shippers. The goal is to ensure that shippers have access to accurate and timely information to make informed decisions about their shipping options. Another important component of the bill is the establishment of a dispute resolution process for shippers and carriers. This process will provide a mechanism for resolving disputes in a timely and efficient manner, reducing the need for costly litigation. Overall, the Ocean Shipping Reform Implementation Act of 2023 aims to address challenges within the ocean shipping industry and improve the overall efficiency and competitiveness of the sector. By implementing reforms and enhancing transparency, the bill seeks to create a more reliable and cost-effective shipping environment for businesses and consumers.