News / TPM22: Biden 'state of the union' address will target shipping’s antitrust immunity

Daniel Maffei, Chaiman of the Federal Maritime Commission.

US President Joe Biden will today take aim at shipping’s exemption from competition law, saying his administration will target regulations that allow carriers to collaborate on vessel sharing and other elements in the supply chain.

In his ’state of the union’ address, broadly welcomed by shippers but condemned by carrier representatives at this week’s TPM conference in Long Beach, he will note that 80% of the world’s container shipping capacity is controlled by just three alliances on eight east-west trades.

The president ...