ShippingWatch

Biden emphasizes the need to open competition in the shipping industry

The US economy must be built from the bottom, says President Joe Biden, who, among other things, will impose stricter requirements on the container industry. A complex task that must be solved through partnerships, says Maersk.

Photo: EVELYN HOCKSTEIN/Reuters / X01105

The US society is based on open and fair competition, said President Joe Biden, before signing an executive order which imposes stricter requirements on the container industry.

Job Biden calls on the Federal Maritime Commission (FMC) to take major action to protect US container shipping companies from soaring freight rates.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Hapag-Lloyd upgrades its full-year forecast

Hapag-Lloyd upgrades its full-year forecast for 2021, as the container carrier's operating result increased by close to USD 3 billion in the first half of the year, according to preliminary figures released Friday.

Port congestion and sky-rocketing freight rates hit Barbie

The explosion in freight rates and historic shortage of capacity have a notable impact on global toy companies Mattel and Hasbro, the manufacturers of Barbie and Peppa Pig. Price increases and new production set-ups are among the responses.

Further reading

Related articles

Trial banner

Latest news

See all jobs