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Powell Slaughter / Furniture Today

World - FMC, DOJ look to cooperate on ocean-shipping oversight

‘Memorandum of Understanding’ supports inter-agency collaboration on antitrust issues

WASHINGTON – The Federal Maritime Commission and the Department of Justice Antitrust Division on Monday signed an inter-agency Memorandum of Understanding (MOU) to foster increased cooperation and communication in their respective oversight and enforcement responsibilities of the ocean shipping industry.

The current pricing environment for ocean shipping led to the first-ever MOU between the two agencies and follows a July 9 executive order from President Biden addressing competitive issues.

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