2M agreement granted permission by FMC


The Federal Maritime Commission (FMC), the US federal agency responsible for regulating the nation’s international ocean transportation, announced that it has concluded its review of the proposed Maersk/ MSC vessel sharing agreement and granted permission for the agreement to go ahead.

The pending agreement allows Maersk and MSC to share vessels and engage in related cooperative operating activities in the trades between the US and Asia, North Europe, and the Mediterranean.

The FMC’s decision is based on a determination that 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. The FMC’s decision imposes reporting requirements on the parties to assist the FMC in its ongoing, close monitoring of the agreement.

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