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Shanghai Shipping Exchange Delegation Visits FMC

October 21, 2011

NR 11-19

Contact: Karen V. Gregory, Secretary (202-523-5725)

Last week, the Federal Maritime Commission was pleased to host a delegation from the Shanghai Shipping Exchange (SSE). During the visit, Commissioners and Staff held meetings with SSE President Zhang Ye, Vice President Wang Dongjiang, Deputy Director Zhang Huaping, Manager Liu Yue, and Secretary Wang Jiabin. In addition the FMC hosted meetings between the SSE delegation and members of the U.S. maritime industry, and held a joint press conference with SSE President Zhang and FMC Chairman Richard A. Lidinsky, Jr.

Chairman meets SSE Delegation
From Left to Right: SSE Deputy Director Zhang Huaping, SSE Secretary Wang Jiabin, SSE President Zhang Ye, FMC Chairman Richard A. Lidinsky, Jr., SSE Vice President Wang Dongjiang, and SSE Manager Liu Yue

Chairman Lidinsky stated: "I am pleased to continue our direct dialogue with the SSE that began over a year ago, and to help introduce President Zhang directly to the U.S. maritime industry and members of our shipping public."

At the end of the SSE delegation’s visit, Chairman Lidinsky and President Zhang announced that the FMC and SSE had agreed to share information to encourage compliance with licensing, bonding, and filing rules for Non-Vessel-Operating Common Carriers and Freight Forwarders in both the People’s Republic and China and the United States.

"I look forward to continuing to cooperate with the Shanghai Shipping Exchange to harmonize shipping regulation in the United States and China, our largest overseas trading partner," said Chairman Lidinsky. "Our maritime commerce, vital trade, and both of our economies stand to benefit from these efforts."

The Shanghai Shipping Exchange was founded by the People’s Republic of China Ministry of Transport and the Shanghai Municipal People’s Government in 1996 to standardize shipping transactions, to adjust freight rates, and to communicate information on the shipping market.

The Federal Maritime Commission is the federal agency responsible for regulating the nation’s international ocean transportation for the benefit of exporters, importers, and the American consumer. The FMC’s mission is to foster a fair, efficient, and reliable international ocean transportation system while protecting the public from unfair and deceptive practices.