An Analysis of the Maritime Industry and 1984 Shipping Act

Timothy P. Daniel, Alan D. Mathios, and James Reitzes

The analysis provides a brief background of the ocean shipping industry and its regulatory history, and describes and evaluates the rationales for regulating that industry. Section VII analyzes the effects of the 1984 Act, with particular attention to: 1) the roles of service contracts and independent action; 2) the structure of shipping rates; and 3) the levels of shipping rates.