FMC updates controlled carriers list

May 8, 2005

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


Topic(s): 
Canadian Economy & Politics
Information Source: 
Canadian News Channel
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