Shipping Act of 1984

The Shipping Act of 1984 is a U.S. law that regulates ocean shipping practices. It aims to promote fair competition and prevent monopolies in the shipping industry. The Act establishes rules for shipping rates and practices to protect consumers and shippers from unfair practices by ocean carriers and shipping alliances. It also created the Federal Maritime Commission, which oversees compliance and addresses complaints. Essentially, the law ensures a balanced and efficient shipping system that supports both businesses and consumers involved in international trade.