Law gives new powers to the Federal Maritime Commission but sparks complaints from the industry

US President Joe Biden has signed the Ocean Shipping Reform Act into law, though it is much-maligned in the liner sector.

The bill passed the Senate in February, the House of Representatives on Monday and was signed by Biden on Thursday, despite protests from container carriers arguing that the new rules wrongly single out container shipping for supply chain congestion and inflation.

“Recent weeks have seen several attempts to demonise ocean carriers by deploying ‘us versus them’ rhetoric,” said the World Shipping Council, an industry group representing liner operators.

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