The Federal Maritime Commission has cleared the planned vessel alliance of Maersk Line and Mediterranean Shipping Co., the two largest ocean carriers.
The ocean-shipping regulatory agency’s action is one step in the plan by No. 1 ocean carrier Maersk, a Danish company, and the Italian steamship line known as MSC to share space on their vessels to reduce costs on the world’s busiest freight routes linking Asia, Europe and North America.
“The agreement is not likely at this time, by a reduction in competition, to produce an unreasonable increase in transportation cost or an unreasonable reduction in transportation service,” said the agency’s statement.
Source: Transport Topics