Federal Maritime Commission (FMC)

The Federal Maritime Commission (FMC) is a U.S. government agency responsible for regulating the shipping industry. Its main purpose is to ensure fair and efficient shipping practices between U.S. ports and international destinations. The FMC oversees shipping rates, prevents unfair practices by shipping companies, and protects the interests of consumers and businesses involved in maritime trade. By promoting competition and transparency in the shipping market, the FMC helps maintain a balanced economy and facilitates smooth international commerce.