Session Details

How Would the Industry Change Under an OSRA21?

Monday, 28 February

4:35 pm - 5:20 pm (PST) / 01/mar/2022 12:35 am - 01/mar/2022 01:20 am

For the first time in more than two decades, Congress is considering legislation that would upend how the United States regulates container shipping. For the National Industrial Transportation League, National Retail Federation, and other supporters, behavior by the carriers and marine terminals over the last two years of disruption has shown the need for the Ocean Shipping Reform Act. If passed in current form, the legislation would pressure carriers to accept more export bookings and force carriers to certify that storage fees comply with federal regulations. Container lines, as represented by the World Shipping Council, along with terminal operators and stevedores warn shippers that any short-term benefits would be outweighed by long-term damage. The carriers argue that the legislation would only increase detention and demurrage and slow the supply chain. Getting past the rhetoric, the opposing sides will make their case in a constructive debate moderated by JOC Executive Editor Mark Szakonyi.

Session Speakers