The Shipping Act of 1984

The Shipping Act of 1984 is a U.S. law that regulates the shipping industry to promote fair competition and protect consumers. It establishes rules for ocean transportation, ensuring that shipping companies operate transparently and do not engage in unfair practices that could harm businesses or consumers. The law also allows the Federal Maritime Commission to oversee and enforce these rules, preventing monopolistic behavior and encouraging efficient, reliable shipping services. Overall, it aims to balance the interests of shipping companies and users while maintaining a healthy and competitive shipping market.