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Shipping reform bill gets US committee approval

Ocean Shipping Reform Act 2022, which is designed to sharpen US federal oversight of ocean carriers, is headed for a Senate vote after getting approval by the committee on commerce, science and transportation

‘These ocean shipping companies are making record profits,’ the head of the committee said. ‘They have made $150bn in profits in 2021, and ocean import volume for the first quarter of this year is forecast to increase by more than 30%’

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