US, EU, China Discuss Ocean Shipping Issues
The Federal Maritime Commission met virtually with the European Union and China this week to discuss competition issues affecting the shipping industry, including disruptions stemming from the COVID-19 pandemic. Officials discussed bottlenecks in the ocean-linked supply chain, how they each…
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have responded to those challenges and “possible actions” to help the shipping industry. “Today’s session of the Global Regulatory Summit provided key competition authorities responsible for the oversight of the container shipping industry the opportunity to share information about what their respective monitoring and enforcement regimes are observing in the marketplace and compare conclusions about carrier behavior,” FMC Chairman Daniel Maffei said.