Ocean Shipping Antitrust Enforcement Act

House panel eyes ending ocean carriers’ antitrust exemption

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In a subcommittee hearing on Tuesday, members of Congress discussed overturning antitrust immunity...

https://www.freightwaves.com/news/house-panel-eyes-ending-ocean-carriers-antitrust-exemption

Exporters raise concerns about ocean carrier market power

WASHINGTON — U.S. exporters called on Congress to introduce more economic reforms in ocean transportation and increase the pressure on carriers that abuse their market power.

Representing those exporters in front of the U.S. House Agriculture Committee on Tuesday, Agriculture Transportation Coalition Executive Director Peter Friedmann acknowledged cargo volume surges and supply chain disruptions have dissipated and that there’s currently “plenty of competition” among container ship operators for...

https://www.freightwaves.com/news/exporters-raise-concerns-about-ocean-carrier-market-power

New legislation would strip ocean carrier antitrust protections

Ocean carriers would no longer enjoy their limited antitrust immunity under new legislation aimed at curbing what some lawmakers and the Biden administration consider to be out-of-control market power.

The Ocean Shipping Antitrust Enforcement Act, introduced on Monday by Rep. Jim Costa, D-Calif., would amend U.S. shipping regulations by repealing section 40307 of Title 46 of the United States Code, which protects foreign carriers from certain antitrust laws.

“This bill is critical in leveling the...

https://www.freightwaves.com/news/new-legislation-would-strip-ocean-carrier-antitrust-protections