S1.E28 - FMC vs MARAD - do you know the difference?

Topic of the Week (8/19/22):Do you know the difference between MARAD and FMC? Yes, they are DEFINITELY different agencies. Both maritime, vastly different.The Maritime Professorᵀᴹ presents By Land and By Sea - an attorney breaking down the week in supply chainwith Lauren Beagen (Founder of The Maritime Professorᵀᴹ and Squall Strategies)Let's dive in.... . .But first, my...TOP 3 STORIES OF THE WEEK -1 - Ocean freight rates have been on a steady decline since just after the beginning of 2022 – but does a decline from an astronomical high really count? Timothy Dooner talks about it in his #WTT Newsletter. Drewry is seeing the same thing.https://www.freightwaves.com/news/will-ocean-rates-sink-below-4k2- The Federal Maritime Commission's Request for Information (Emergency Order) is already receiving comments! Notably, the Association of Bi-State Motor Carriers is strongly in favor of the FMC issuing an emergency order, and so is most everyone else commenting on the docket. Have a look:https://www2.fmc.gov/readingroom/proceeding/22-19/3- Greg Miller is reporting that imports are still up 3% year over year and up 15% from pre-pandemic levels! Even despite huge cancellations from major importers. That's a lot of cargo!https://www.freightwaves.com/news/turning-point-port-of-la-boss-sees-imports-easing-lower-in-august-------------------------------The Maritime Professorᵀᴹ is an e-learning/educational based company on all things maritime and supply chain - we provide non-legal business coaching, e-content, trainings/webinars, and executive recruiting. Make sure to sign up for the email list so that you will be alerted to when the e-learning content is available, but also, being on the email list will give you exclusive access to promo/discount codes!Sign up for our email list at https://lnkd.in/eqfZJShQLook for our podcast episodes - NOW AVAILABLE:https://lnkd.in/g4YUbxjs** As always the guidance here is general and for educational purposes only, it should not be construed to be legal advice and there is no attorney-client privilege created by this video. If you need an attorney, contact an attorney. **#ByLandAndBySeaSend us a textSupport the show🎙️ Thanks for tuning in to By Land and By Sea powered by The Maritime Professor®! If you enjoyed today’s episode, be sure to subscribe ⭐ and leave a review 📝 - it really helps others find the show. 📚 Want to go deeper? Check out our live webinars, on-demand e-courses, and our Just-in-Time Learning™ sessions -- short, plain-language lessons (30 minutes or less) built for supply chain pros who need quick clarity. 🚢 Looking for something tailored? We also provide custom corporate trainings designed to meet your team’s needs. ⚓ Learn more and explore past episodes at: www.TheMaritimeProfessor.com/podcast

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