Maritime regulators in the United States will maintain a close watch for potentially anti-competitive behaviour by container lines operating transpacific services until at least the end of April next year.
The move is intended to help protect the interests of cargo owners, including exporters in China, by ensuring the Federal Maritime Commission receives early warning if shipping lines impose 'unreasonable' price rises or cuts in services.
This comes amid the likelihood that shipping lines could start to park container ships from December to cut costs and capacity on major transpacific and Asia-Europe trade routes following an expected drop in shipping demand during the traditional winter slack season.
The shipping lines to be affected include the Orient Overseas Container Line, mainland groups Cosco Container Lines and China Shipping Container Lines and Taiwan's Evergreen Marine.
But Sunny Ho Lap-kee, an executive director of the Hong Kong Shippers' Council - which represents exporters and manufacturers - said cargo owners were 'very unhappy with the FMC', pointing out the commission had done little to curb the power of the transpacific container lines.
