Friday, June 27, 2025
Home News FMC and US Justice Department promote fair competition in the shipping industry

FMC and US Justice Department promote fair competition in the shipping industry

The United States Department of Justice (DOJ) and the Federal Maritime Commission (FMC) have strengthened their partnership to jointly enforce competition laws and to promote competition in the ocean freight transportation system.

The two parties have worked together in the past. Their working relationship was formalised in July 2021 with the signing of a Memorandum of Understanding (MoU).

The MoU established a framework for partnership between the FMC and the Justice Department’s Antitrust Division that enhances cooperation in the enforcement of antitrust and competition laws such as the Shipping Act, by facilitating information exchange between and among attorneys, economists, and technical experts.

Upon this MoU, United States attorney general Merrick B. Garland and FMC chairman Daniel B. Maffei have now announced new steps the two agencies will take to bolster their partnership.

“Our agencies have a history of cooperating to the benefit of the American consumer and this new support will help ensure that the working relationship will help both government entities in our shared goal of fair competition,” claimed Maffei.

The DOJ that promotes economic competition through enforcing and providing guidance on antitrust laws and principles will provide the FMC with the support of attorneys and economists from the Antitrust Division for enforcement of violations of the Shipping Act and related laws.

Additionally, the FMC will offer the Antitrust Division the support and maritime industry expertise for Sherman Act and Clayton Act enforcement actions.

“Competition in the maritime industry is integral to lowering prices, improving quality of service, and strengthening supply chain resilience, and expanding joint enforcement partnerships like the partnership between the FMC and DOJ is one of our most powerful tools for promoting competition,” said Garland.





Latest Posts

Shipping alliances carriers and MSC control over 80% of market

As the container shipping industry continues its transformation, strategic cooperation among carriers remains a key force shaping global trade. According to updated Alphaliner data,...

Konecranes delivers crane package for BAE Systems’ in Scotland

Konecranes has completed a turnkey crane project for BAE Systems’ brand-new shipbuilding hall in Govan, Scotland. The installation, finished in June 2025, includes two electric...

Kalmar launches digital tool to streamline equipment inspections

Kalmar has introduced Inspector, a new digital application designed to streamline daily inspections of material handling equipment. Inspector enhances the efficiency of routine equipment checks...

Tariff fever fuels shipping surge, hangover looms

Global merchandise trade is enjoying a sudden growth spurt, but shipping executives warn the boom could prove as short-lived as a sugar rush. As Bloomberg...

Matson raises quarterly dividend

Matson has announced an increase to its quarterly dividend, with the Board of Directors declaring a third-quarter dividend of US$0.36 per common share. This represents...
error: Content is protected !!