Local shippers fear new foreign ships law

The recently signed Foreign Ships Co-Loading Act allows foreign vessels to dock and co-load in multiple ports and is seen to reduce logistics costs for producers, create a more efficient import and export system, and lead to lower prices for consumers. But local shippers are concerned that they would lose cargo that would otherwise be handled by their ships to foreign lines. With the new law, domestic ships will now have to compete with foreign vessels which have much bigger economies of scale.

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