Shipmates Unite: New Deals for Faster Global Cargo Hauls
Published Date: 2/26/2025
Notice
Summary
Two shipping companies just made deals to share space on their ships between U.S. ports and places like Japan, Korea, and beyond. These agreements start in mid-February 2025 and could make shipping smoother and more flexible. If you’re involved in shipping or trade, keep an eye out and send your thoughts within 7 to 12 days!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Worldwide Ad Hoc Space Charter Starts Feb 19, 2025
Accordia Shipping LLC and Hoegh Autoliners AS are authorized to charter space to and from one another on an ad hoc basis in trades between all U.S. ports and all non-U.S. ports worldwide. The agreement is proposed to take effect on February 19, 2025. If you are a shipper or trading business, this could increase flexibility for obtaining space on vessels in U.S.-international trades.
U.S.-Asia/Europe Slot Exchange Starts Feb 14, 2025
American Presidents Line, LLC and Maersk Line, Limited are authorized to exchange space on the MECL and EX1 services between U.S. Atlantic and Pacific Coasts and Japan, the Republic of Korea, China, Spain, Oman, the United Arab Emirates, and India. The agreement is proposed to take effect on February 14, 2025. If you are a shipper or trading business, this could make shipping between those ports more flexible and smoother.
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Key Dates
Department and Agencies
Related Federal Register Documents
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