FMC Testify before U.S. Senate Committee About Panama Canal
Federal Maritime Commission Chairman Louis E. Sola and Commissioner Daniel B. Maffei testified at a hearing today by the U.S. Senate Committee on Commerce, Science, and Transportation that explored the operation, control, and cost to use the Panama Canal. Here are key takeaways: Statement from Chairman Louis E. Sola: Vital to U.S. Trade: The Panama Canal...
Read MoreFMC’s Maximum Penalty Fees Adjusted
Effective January 15, 2025, the Federal Maritime Commission will increase the maximum penalties for statutory violations in compliance with the Federal Civil Penalties Inflation Adjustment Act of 2015. These increases are based on the rate of inflation. Here are key takeaways: Increased Penalties for Shipping Act Violations: Knowing and willful...
Read MoreAvailability of Class Action Complaints at the FMC
The Federal Maritime Commission issued a policy statement today making clear it is an appropriate venue where private parties may bring class actions to resolve disputes covered by the statutes the agency administers. Here are key takeaways: 1. Encouraging Legal Action: New rules help parties feel safer about taking legal action without fear of...
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