News / US Shipping Act revision gives FMC power to watch shipping alliances with a sterner eye

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US president Donald Trump this week handed the Federal Maritime Commission greater powers to regulate container shipping lines, following profound industry consolidation, through a revised US Shipping Act.

The FMC Authorization Act of 2017 was signed into law by the president on Tuesday, “marking the first substantive revision to the US Shipping Act since 1998,” according to lawyers at Holland & Knight.

They said the move was primarily to address “antitrust issues related to recent consolidation in the maritime industry and the emergence ...