Biden Expands Antitrust Enforcement and Calls for Shipping Act Reform

Citing the dominance of the three global ocean shipping alliances and business practices that are contributing to inflation and hurt American businesses, the White House announced a series of new initiatives which it says will contribute to lower prices and level the playing field in ocean shipping. The Biden administration is expanding efforts between the Department of Justice and the Federal Maritime Commission to promote competition and enforce antitrust laws while also calling on the U.S. Congress to reform the Ocean Shipping Act.

View entirety: Maritime Executive