Ocean Shipping Reform Bill headed for Senate vote

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Dubbed OSRA22, the first US legislation for over 20 years to tackle the container shipping industry moved a step closer to reality yesterday after the Senate Committee on Commerce, Science, and Transportation cleared the bill to be voted on by senators. “The bill provides the Federal Maritime Commission … with greater authority and rule-making ability over certain practices by international ocean shipping companies, such as detention and demurrage fees and services offered to American exporters,” according to this report in gCaptain, which details the key points in the new regulations.