World Shipping Council Speaks Out On Container Freight Rate Controversy
Saturday, June 30, 2012US – Following the Federal Maritime Commission’s (FMC) solicitation of views appertaining to the publication of an index of shipping container freight rates when dealing with agricultural exports, the World Shipping Council (WSC) has pulled no punches in its response saying such indices violate the FMC’s own current regulations and intrude upon service contract confidentiality. The WSC raises several logical questions such as whether there is a need for such an index, why only agricultural rates should be considered and one might interpret its responses to the FMC solicitation as somewhat scornful of the Government agency’s naivety.
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