The Federal Maritime Commission (FMC) recently discussed two matters of interest to each of the five Commissioners and the broader shipping public: ongoing developments related to the Hanjin Shipping bankruptcy, and a third party review of the southern California-based PierPass program.
FMC Chairman, Mario Cordero, said that, “it remains to be seen” if the current third party examination of PierPass’ operations will provide the transparency and accountability that its customers demand and the FMC is seeking.
As reported in LM, Hanjin was forced into receivership in late August. Its cessation of operations has made an impact on U.S.-based terminal operators, beneficial cargo owners (BCO’s), truckers, and many others in the supply chain.
The FMC is monitoring developments related to this matter carefully and on a continuous basis, state spokesmen.
The U.S. Bankruptcy Court for the District of New Jersey is overseeing how Hanjin Shipping unwinds their operations domestically.
