To address disruption in the global energy flow resulting from the conflict with Iran, the White House is considering a temporary waiver of the Jones Act—the law requiring cargo moving between U.S. ports to be carried on U.S.-built vehicles. If this waiver goes into effect, it will have important implications for ocean shipping stakeholders.
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Several major ocean carriers have recently announced new Energy Fuel Surcharges (EFS) in response to sharply rising bunker fuel costs resulting from the latest geopolitical disruption in the Middle East.
Despite the sudden nature of the announcements, these surcharges will still need to comply with tariff and publishing requirements established by the U.S. Federal Maritime