The three global ocean carrier alliances (2M, OCEAN, and THE) and each of their member companies will now be required to provide enhanced pricing and capacity information, providing the Federal Maritime Commission with uniform data to use in assessing ocean carrier behavior and marketplace competitiveness. The newly mandated information will provide the Commission’s Bureau of Trade Analysis (BTA) with insight into the pricing of individual trade lanes and by container and service type. It will also provide more immediate information regarding capacity management decisions of ocean carriers and alliances. Carriers participating in an alliance will need to submit pricing information on cargo moved on the major trade lanes, and both carriers and alliances will be mandated to submit comprehensive information related to capacity management.
One of the key responsibilities of the Commission, through BTA, is to continuously monitor compliance with agreement authorities and to determine if agreements have an anticompetitive impact on the marketplace. The Commission will assess its reporting requirements continuously and adjust the information it requires ocean carriers and alliances to file as circumstances and business practices change. Additional changes to requirements will be issued as warranted.