Chairman DiBella joins the U.S. delegation to the IMO

As part of the delegation, DiBella is reinforcing the U.S. opposition to the IMO Net-Zero Framework. The U.S. position continues to be that the framework would act as a tax on U.S. shippers and vessels operating in international waters and could cost the maritime industry billions of dollars annually. As the largest consumer of imported goods, those costs would be passed on to U.S. consumers. The FMC monitors regulations or practices of foreign governments that could create unfavorable conditions for shipping in the foreign trade of the United States. If such conditions are identified, the commission can take remedial steps, including imposing fines and barring foreign-flag vessels from calling at U.S. ports under 46 U.S.C. §§ 42106 and 42107.

DiBella has told IMO member countries that the Net-Zero Framework will have an anti-competitive and inflationary effect on the global economy.