Congress Calls for Shipping Exchange Rules

Posted 2/1/24

A bipartisan group of lawmakers has urged the Federal Maritime Commission (FMC) to "work expeditiously" to initiate a rulemaking on shipping exchanges and "establish healthy and fair competition in the global shipping market."

"If the U.S. does not approve a competitor, the CCP could obtain a monopoly, leading to a troubling outcome for American shippers and global commerce," the lawmakers write.

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