FMC

Government, Business, Logistics

Ocean Shipping Rates Begin to Decline

Boxes stacked on a containership at a port in Hong Kong. Boxes are stacked on a Cosco England containership at the Kwai Chung Container Terminal in Hong Kong. (Paul Yeung/Bloomberg News)

Transpacific shipping costs have fallen by 53% in the past three months.

Dan Ronan | Senior Reporter
July 13, 2022
Government, Logistics

Senate Confirms Federal Maritime Commissioner

Max Vekich Max Vekich's membership on the Federal Maritime Commission shifts the five-member board to a 3-2 majority for Democrats. (What is Going on With Shipping? w/Sal Mercogliano via YouTube)

Max Vekich was confirmed by a 51-43 Senate vote to serve on the Federal Maritime Commission through 2026.

Eugene Mulero | Senior Reporter
February 14, 2022
Government, Business, Logistics

Top Maritime Regulator Sees Shipping Snarls Lasting to 2022

containership Getty Images

The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small American companies can weather another year of a tangled transport system and much higher costs.

Brendan Murray | Bloomberg News
June 9, 2021
Government

FMC Chairman Daniel Maffei: Port Congestion Likely to Last Through Summer

Daniel Maffei of FMC at swearing-in ceremony Daniel Maffei is sworn in as Federal Maritime Commission chairman. (FMC.gov)

Lingering congestion at the nation’s major ports is likely to continue throughout the summer and possibly later into the year, said Daniel Maffei, the new chairman of the Federal Maritime Commission.

Dan Ronan | Senior Reporter
April 13, 2021
Government

Maffei Named Maritime Commission Chairman

Daniel Maffei of FMC at swearing-in ceremony Daniel Maffei is sworn in as Federal Maritime Commission chairman. (FMC.gov)

The Biden administration tapped Daniel Maffei to lead the Federal Maritime Commission, the agency announced recently.

Eugene Mulero | Senior Reporter
April 1, 2021
Government, Business

Federal Maritime Commission Appoints Karen Gregory Regulatory Reform Officer

Karen Gregory, managing director of the Federal Maritime Commission, has been appointed the agency’s regulatory reform officer, acting Chairman Michael Khouri announced March 13.

Dan Ronan | Senior Reporter
March 13, 2017