President Joe Biden yesterday signed the Ocean Shipping Reform Act of 2022 (OSRA) into law. As we reported when the measure was passed, the legislation expands the authority of the Federal Maritime Commission (FMC) in a number of ways.
President Biden, who in no fan of the major ocean carriers, turned his attention to them again in remarks made at the signing ceremony,
“Nine major shipping companies consolidated into three alliances control the vast majority of ocean shipping in the world and...