FMC Holds Up Maersk, Hapag-Lloyd Vessel Sharing Agreement
The Federal Maritime Commission will prevent a new vessel-sharing agreement between major ocean carriers Maersk and Hapag-Lloyd from going into effect this week because it needs more information about the potential competitive impact of the arrangement, the agency announced July 12.
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The FMC said it will reconsider the Gemini Cooperation Agreement when it receives the additional information it has requested.
In a statement, Maersk said, “This is fairly standard from the FMC. We do not anticipate any impact to the Gemini network and look forward to continuing to work with the FMC.” Hapag-Lloyd released a nearly identical statement.
The agreement, which was unveiled in January and filed with the commission in May, would allow the carriers to share vessels on trade routes between the U.S., Asia, the Middle East and Europe (see 2406070035).