Regulatory Fix On Ocean Carriers May Bring Unintended Consequences

By Jacqui Fatka

Farm Progress

In maritime shipping, the global marketplace has rapidly consolidated. In 2000, the largest 10 shipping companies controlled 12% of the market. Today, it is more than 80%, leaving domestic manufacturers who need to export goods at these large foreign companies’ mercy. In a recent executive order signed by the President, the administration specifically encourages the Federal Maritime Commission to ensure vigorous enforcement against shippers charging American exporters exorbitant charges.

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