1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 In the midst of the coronavirus disease (COVID-19) pandemic, container ships and oil tankers wait in the water outside the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California, U.S., April 7, 2021. Lucy Nicholson/Reuters (Reuters) – WASHINGTON (Reuters) – On Monday, the US Justice Department and the Federal Maritime Commission signed a memorandum of understanding to promote cooperation and communication between the two agencies in order to strengthen maritime competition. The memorandum sets a structure for the Antitrust Division of the Justice Department and the commission to conduct regular conversations and reviews of law enforcement and regulatory problems affecting maritime competition. President Joe Biden signed an executive order on Friday aimed at reducing transportation costs. David Shepardson contributed reporting./n
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