US considers potential sanctions against Yemen for Red Sea attacks
The US Federal Maritime Commission (FMC) is considering what retaliatory measures, if any, it can ...
Following last week’s announcement that the US Department of Justice (DoJ) and Federal Maritime Commission (FMC) will collaborate more closely, the two agencies have signed a memorandum of understanding (MoU) to develop co-operation and communication.
FMC chairman Daniel Maffei and acting assistant attorney general Richard Powers signed the first MoU between the two agencies today.
The developing collaboration follows an executive order issued on Friday by President Biden aimed at increasing competition in a number of industries, including ocean and rail freight.
The MoU will provide a framework for the two agencies to examine the enforcement of regulations and exchange of information, with regular meetings and discussions.
Mr Maffei said: “The Federal Maritime Commission has an important enforcement role as an economic regulator of a vital industry. As such, we will continually assess how the agency can improve its capacity to protect the integrity of the marketplace.
“This memorandum between the commission and the Department of Justice supplements and strengthens the FMC’s ability to detect, address, and pursue violations of the law or anticompetitive behaviour by those we regulate.”
Etail by air – here to stay or on a short shelf life?
HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance
The rise and rise of China's ecommerce platforms
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
DSV chief reticent on Schenker: the focus on growing market share
Another strong month for US ports as container flows continue to rise
MSC redeploys 'Israel-linked' box ships away from Persian Gulf
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article