A co-operation agreement between two shipping terminals at PortMiami seaport has gone into effect, following a decision by the Federal Maritime Commission (FMC) not to obstruct the move.
Under the deal the South Florida Container Terminal and the Port of Miami Terminal Operating Company can establish a range of common rates, rules and practices as well as being free to meet about those matters.
The two terminals had submitted the proposed “Miami Marine Terminal Conference Agreement” in mid-November.
In opting not to block the move the FMC said that the proximity of the two terminals allowed the opportunity for efficiencies that would benefit both companies and their customers.
Such deals are rare but the ports of Seattle and Tacoma in Washington State did come up with one in 2015, creating the Northwest Seaport Alliance.
The FMC is an independent federal agency that regulates the US international ocean transportation system in the interests of US importers, exporters and consumers.