Competition policy in shipping

Competition policy in shipping refers to regulations and practices that ensure fair competition among shipping companies. It aims to prevent monopolies or unfair trade practices that could harm consumers, such as price-fixing or colluding to limit services. By promoting a competitive market, these policies encourage efficiency, innovation, and better prices for customers. Regulatory bodies monitor shipping firms to enforce these rules and address any behavior that could disrupt the balance of supply and demand in the shipping industry, ultimately benefiting international trade and consumers alike.