The Federal Maritime Commission (FMC) is an independent agency of the United States government responsible for regulating the international ocean transportation of the U.S. It ensures that shipping practices are fair and competitive, protecting the interests of American shippers and consumers. The FMC oversees agreements between shipping companies and monitors the activities of ocean carriers and marine terminal operators. Established in 1961, the FMC also handles complaints related to shipping practices and can take enforcement actions against violations of maritime law. It plays a crucial role in maintaining a balanced and efficient maritime transportation system, which is vital for global trade and commerce.