FMC classifies Chipolbrok as a controlled carrier

The Federal Maritime Commission (FMC) in the US has classified the Chinese-Polish Joint Stock Shipping Company (Chipolbrok) as a controlled carrier of the People’s Republic of China (PRC) and is adding it to the commission’s controlled carrier list.

The company, with 31 MPPs in its fleet, is jointly owned by the governments of the PRC and the Republic of Poland.  Chipolbrok is headquartered in Shanghai.

Following a review of the company’s ownership structure, the FMC determined that the government of the PRC exerts more control over the corporate structure and commercial activities of Chipolbrok than the Polish partner. 

According to the FMC, controlled carriers are ocean common carriers operating in the US-foreign trades that are, or whose operating assets are, directly or indirectly owned or controlled by a foreign government. Controlled carriers are subject to enhanced regulatory oversight by the FMC.