The Subcommittee on Coast Guard and Maritime Transportation will hear an argument that foreign carriers should not be permitted to collectively negotiate rates with domestic maritime service providers because it gives them an unfair advantage.
The Pacific Maritime Association has proposed extending the contract until July 1, 2022, with a 3.1 percent yearly wage increase over the base wage rate of $42.18 per hour.
The North Liberty, Iowa-based trucking and logistics company reported a net income of $14 million and operating revenues of $130 million for the first quarter of 2017.
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A Hapag-Lloyd spokesperson told American Shipper space is tight on the Europe to Asia trade right now from an uptick in volumes, which is abnormal for this time of year.
The Singapore-based ocean carrier, now a subsidiary of France's CMA CGM, will commence the Asia Fremantle Express (AFX) service between Singapore and Fremantle on April 27, 2017.
House members question whether the Shipping Act should be revised, and also said there is a need to protect domestic tugboat and terminal companies.