World Shipping Council Responds to Ocean Shipping Antitrust Enforcement Act: Why?

The World Shipping Council (WSC) has voiced its opposition to the bipartisan Ocean Shipping Antitrust Enforcement Act, introduced this week by U.S. Representatives Jim Costa (CA-21), Dusty Johnson (SD-AL), John Garamendi (CA-08), Josh Harder (CA-09) and Jimmy Panetta (CA-19).

The proposed legislation aims to repeal the exemption for foreign ocean carriers from federal antitrust laws and address unfair practices affecting American businesses and consumers.

According to a U.S. Department of Transportation report, the top 10 foreign-based ocean carriers, operating foreign-flagged vessels, control over 80% of the shipping market. The new act would apply antitrust laws to these carriers, allowing the U.S. to address unfair trade practices, such as unjustified rate increases, excessive fees, and unexplained schedule changes.

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