FMC Files Updates to Shipping Agreements and Fees
Published Date: 4/30/2025
Notice
Summary
The Federal Maritime Commission announced updates to several shipping agreements that affect ports and unions, including changes to fees and membership. Some agreements remove a company from the group, while others adjust how employee benefit costs are calculated. These changes take effect in late April 2025, and anyone interested can comment within 7 to 12 days to share their thoughts.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Change to ILWU‑PMA benefit assessment
The Memorandum Agreement concerning assessments to pay ILWU‑PMA employee benefit costs revises the divisor used for the man‑hour base assessment rate and updates the figures in Appendix 1. This amendment is proposed to take effect April 23, 2025.
Chassis pool term extended; 75% utilization
The South Atlantic Multiport Chassis Pool Agreement amendment extends the agreement term through September 30, 2038, and is proposed to be effective June 5, 2025. The amendment clarifies factors considered when setting Pool Rental Rates (rate stability, impact on competitiveness, and Pool revenue objectives) and increases the Pool Target Utilization to 75%.
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Key Dates
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