News / US Senate agrees reform to Shipping Act as more shipper complaints hit lines

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The US Senate yesterday passed the Ocean Shipping Reform Act 22 (OSRA 22) and will now seek to agree a final version of the bill with the House of Representatives before President Biden signs the legislation into law.

Beneficial cargo owners and non-vessel operators at US terminals have vociferously raised issues that have hobbled supply chains, which the OSRA 22 seeks to address, but with contract negotiations between the unions and terminal operators due to start on 12 May, more disruption ...