Industry Reacts to Passage of Ocean Shipping Reform Act
Shortly after President Biden signed the newly passed Ocean Shipping Reform Act (OSRA) into law, various industry groups applauded the move, including the National Fisheries Institute (NFI) and groups representing retailers and restaurants.
The bill, as described by the NFI will improve the Federal Maritime Commission (FMC) oversight and allow the agency to better discipline ocean carriers for “unfair practices that harm U.S. seafood importers and exporters.”
“This type of authority is badly needed at a time when logistics log jams continue to affect the entire value chain, imposing huge costs...
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