Transportation
US Probe of Maritime Chokepoints Sets Up Expanded Global Reach
A vessel is guided through the Panama Canal. The Panama Canal’s vulnerability to drought recently caused long wait times and costly disruptions for shippers.
Photographer: Tarina Rodriguez/BloombergThis article is for subscribers only.
The Federal Maritime Commission is investigating global maritime chokepoints to assess whether a country, ocean carrier or other maritime operator are creating conditions unfavorable for US shipping and foreign trade.
“Recent events have indicated that transit constraints at several critical points in the global shipping supply chain have led to conditions that are appropriate for the Commission to investigate,” the US agency said in a Federal Register notice published Friday.