The Federal Maritime Fee, the unbiased federal company answerable for making certain a aggressive and dependable worldwide ocean transportation system, has designated Hede (HONGKONG) Worldwide Transport Restricted, an organization related to the federal government of the Individuals’s Republic of China, as a managed provider.
Because of this, the corporate might be added to the Fee’s Managed Service Checklist and might be topic to enhanced regulatory scrutiny by the FMC.
The Managed Service Checklist is a registry of ocean widespread carriers working in U.S.-foreign trades which might be owned or managed by international governments. Authorities possession or management over an ocean widespread provider is established if the federal government owns or controls a majority curiosity within the provider, or if it has the correct to nominate or disapprove the appointment of a majority of the administrators, the chief working officer, or the chief government officer of the provider.
The Federal Maritime Fee’s enhanced oversight goals to make sure that these managed carriers don’t exploit their government-backed positions to the detriment of rivals by making certain their charges and fees aren’t under a degree that’s thought-about “simply and cheap.”
The record was additionally up to date to exclude COSCO Transport Traces (Europe) GmbH, reflecting that the corporate has ceased operations in U.S. trades and has withdrawn its tariff. Nevertheless, different entities underneath COSCO are nonetheless included within the record.
The adjustments mark the primary replace to the managed provider record since April 30, 2019.
Hede (HONGKONG) Worldwide Transport Restricted initiated its providers to america in late 2023, with its operations beforehand confined to intra-Asia trades.
Following these adjustments, the Managed Service Checklist now consists of 4 firms, all primarily based in China. These embody COSCO SHIPPING Traces Co., Ltd., Orient Abroad Container Line Restricted, OOCL (Europe) Restricted, and the newly added Hede (HONGKONG) Worldwide Transport Restricted.
It’s essential to notice that the Managed Service Checklist doesn’t embody all foreign-owned, foreign-controlled, or government-linked firms and belongings, somewhat it solely consists of firms that meet the statutory necessities outlined in 46 U.S.C. Chapter 407. Because of this, tramp operators and different non-common carriers aren’t on the record. The identical applies to non-vessel-operating widespread carriers, no matter their possession or management.
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