FMC updates controlled carriers list
8 May 2005
FMC updates controlled carriers list
The following article is excerpted from the 6 May 2005 edition of “The Journal of Commerce”.
The Federal Maritime Commission has issued an updated list of ocean carriers … that are considered state-controlled enterprises.
Under the Shipping Act of 1984, controlled carriers are owned by a foreign government, or the government has a control in their management. The law puts restrictions on their operations lest the carrier can unfairly undercut and dominate a market.
The list issued on Thursday includes eight carriers:
--American President Lines, Singapore
-- Ceylon Shipping, Sri Lanka
-- COSCO Container Lines, China
-- China Shipping Container Lines Co., China
-- China Shipping Container Lines (Hong Kong), China
-- Compagnie Nationale Algerienne, Algeria
-- Sinotrans Container Lines, China
-- Shipping Corporation of India, India