S2.E12 - FMC FY24 Budget Request and House T&I Budget Hearing // OSRA 2.0 bill being introduced NEXT WEEK?!?

Topic of the Week (3/24/23):

We're diving into the budget request and justification - including the House T&I budget hearing from yesterday...

Federal Maritime Commission Congressional Budget Justification:
https://www.fmc.gov/wp-content/uploads/2023/03/FMCFY2024CongressionalBudgetJustification.pdf

House T&I Hearing Testimony of FMC Chairman Daniel Maffei:
https://www.fmc.gov/testimony-of-chairman-maffei-before-congress-review-of-fy2024-budget/

The Maritime Professorᵀᴹ presents By Land and By Sea - an attorney breaking down the week in supply chain

with Lauren Beagen (Founder of The Maritime Professorᵀᴹ and Squall Strategies)

Let's dive in...

1- OSRA 2.0 to be introduced in the House next week?? That's what Congressman Johnson said at the FMC/MARAD Budget Request Review hearing yesterday...

LinkedIn post w/ more information:
https://www.linkedin.com/posts/laurenbeagen_review-of-fy-2024-budget-request-for-federal-activity-7045004835594608640-LtQM?utm_source=share&utm_medium=member_desktop 

2- The Federal Maritime Commission is checking for compliance of ocean carriers and MTOS with their recent rulings on per diem charges...

FMC Press Release:
https://www.fmc.gov/fmc-checking-ocean-carrier-mto-compliance-with-recent-ruling-on-per-diem-charges/ 

3- Seatrade Maritime reported last week that “Annual contracts are being negotiated between shippers and lines on the Transpacific container trade ZIM Integrated Shipping Services warns if rates are too low it will stop sailing.” 

Article:
https://www.seatrade-maritime.com/containers/zim-sets-floor-container-contract-rates-transpacific 

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** As always the guidance here is general