ShippingWatch

Biden to urge FMC to crack down on unfair competition in container market

The intense container market is prompting the US to clamp down on "unfair" prices and monopolies. President Joe Biden is expected to sign an executive order that will, among other measures, urge the Federal Maritime Commission to amp up its efforts to combat unfair competition.

Photo: Jonathan Ernst/Reuters/Ritzau Scanpix

The Biden administration is preparing an executive order aimed at helping US-based shippers in getting a handle on the intense freight market.

The US thus steps in to address the extraordinary container market, where a shortage of capacity and bottlenecks in ports around the world are driving freight rates up and service levels down.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Schedule reliability among container lines drops to historic low

August represented a historic low point for container carriers' schedule reliability. Only three out of ten container vessels – or 33.6 percent – managed to deliver goods on time, according to new figures from Sea-Intelligence. Reliability hasn't been lower in the ten years the analyst firm has monitored reliability.

Further reading

Related articles

Trial banner

Latest news

See all jobs