))
S2.E35 - Captain's Log Holiday Edition - FMC ex parte mtg w Congressman Auchincloss // White House Supply Chain Announcements // Panama Canal slots to the highest bidder // Bed, Bath & Beyond files another lawsuit at FMC
Manage episode 387065965 series 3365288
Content provided by Lauren Beagen, The Maritime Professorᵀᴹ, Lauren Beagen, and The Maritime Professorᵀᴹ. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Lauren Beagen, The Maritime Professorᵀᴹ, Lauren Beagen, and The Maritime Professorᵀᴹ or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Topic of the Week (12/1/23):
It's the Captain's Log Holiday Edition!
The Maritime Professorᵀᴹ presents By Land and By Sea - an attorney breaking down the week in supply chain
with Lauren Beagen (Founder of The Maritime Professorᵀᴹ and Squall Strategies)
Let's dive in...
1 - The Federal Maritime Commission is still working through three rulemakings. No new text, but we discuss the recent meeting with FMC Chairman Daniel Maffei and Congressman Jake Auchincloss (D-MA) re: the comment he filed with Congressman Brian Babin (R-TX) for the D&D rulemaking.
FMC Rulemakings:
1) Defining Unreasonable Refusal to Deal or Negotiate w/r/t/ Vessel Space Accommodations Provided by an Ocean Common Carrier,
2) Billing Practices of Detention and Demurrage, and
3) Defining Unfair or Unjustly Discriminatory Methods and their one request for information (RFI) on the Maritime Transportation Data Initiative.
2 - The White House announced supply chain initiatives that have already been undertaken or about to be undertaken, this week: https://www.whitehouse.gov/briefing-room/statements-releases/2023/11/27/fact-sheet-president-biden-announces-new-actions-to-strengthen-americas-supply-chains-lower-costs-for-families-and-secure-key-sectors/
A few helpful links from the White House Announcement:
* FLOW: Freight Logistics Optimization Works (https://www.bts.gov/flow)
* 1st Meeting of the White House Council on Supply Chain Resilience:
https://www.whitehouse.gov/briefing-room/statements-releases/2023/11/29/readout-of-the-inaugural-meeting-of-the-white-house-council-on-supply-chain-resilience/
3 - Canal de Panamá is introducing a line-jumping transit slot for auction; this the canal plans to reduce vessel transits to 18 per day by Feb 1, 2024 (down from typical 36/day vessel transits). And the bulk vessel lines are starting to increase, squeezing the spot market for bulk transit.
Greg Miller's FreightWaves article:
https://www.freightwaves.com/news/another-panama-canal-red-flag-spiking-product-tanker-rates
Bloomberg article on "Queue-Jumping Auctions":
https://www.bnnbloomberg.ca/panama-canal-adds-extra-queue-jumping-auctions-for-stuck-ships-1.2003870#:~:text=Panama%20Canal%20Adds%20Extra%20Queue%2DJumping%20Auctions%20for%20Stuck%20Ships,-Alex%20Longley%2C%20Bloomberg&text=(Bloomberg)%20%2D%2D%20The%20Panama%20Canal,due%20to%20an%20ongoing%20drought.
4 - Bed Bath & Beyond filed another suit at the Federal Maritime Commission, this time against MSC Mediterranean Shipping Company.
-------------------------------
The Maritime Professorᵀᴹ is an e-learning/educational based company on all things maritime and supply chain - we provide employee trainings, e-content/e-courses, general trainings/webinars, and executive recruiting. Make sure to sign up for the email list so that you will be alerted to when the e-learning content is available, but also, being on the email list will give you exclusive access to promo/discount codes!
Sign up for our email list at https://lnkd.in/eqfZJShQ
Look for our podcast episodes - NOW AVAILABLE:
https://lnkd.in/g4YUbxjs
** As always th
91 episodes
Share
