Rocking the Boats: Federal Government Tackles Competition in Maritime Shipping
Posted 09/21/21
The Federal government is taking a closer look at the maritime shipping industry—and for good reason.
In 2000, the 10 largest shipping companies controlled just half of the world container shipping market. Today, it’s more than 80%.
As goods are increasingly manufactured in Asia and then transported to the United States, ocean carriers control a critical chokepoint. This shift, combined with COVID-19,...