US Maritime Commission releases UASC from control list
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The US Federal Maritime Commission (FMC) has granted exemption from its “controlled carriers” list to United Arab Shipping Company (UASC) due to its freight rates ‘transparency’.
The Middle East’s leading shipping line was placed on the list, which enforces increased surveillance of rate changes on US-bound carriers after Qatar-government took majority control of the line.
The list is designed to stop price-fixing amongst state-owned shipping lines, and enlisted carriers must notify FMC before changing their shipping tariffs if they wish to serve the US market.
After notification, the shipping lines than have to wait a month before altering freight rates on US-bound services.
The FMC unamiously granted the exemption after UASC lodged a petition last year.
FMC commissioner William Doyle said that "United Arab Shipping Company (UASC) is an industry leader and a pioneer in international shipping.”
"I am increasingly impressed with their transparent communications that informs the shipping public of changes to their sailing schedule and their environmental stewardship," he added.
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