27 May 2019

Container ship alliance likely to get regulatory nod, WSJ says

US, European and Chinese regulators are likely to clear a three-way alliance between the top global container shipping firms, but not before demanding concessions from the groups to limit their dominance of the world’s busiest shipping routes, the Wall Street Journal reported Thursday, citing people with direct knowledge of the matter. Senior representatives from the US Federal Maritime Commission, the EU’s Competition Commission and China’s transport ministry met in Washington Tuesday to scrutinize the planned alliance. “The regulators have determined that the P3 isn’t a merger, but an alliance. This means that it will probably be approved, but it will include clauses to protect parties like cargo owners, fuel providers and smaller competitors from price fixing and unfair competition,” a source was quoted as saying.

– Contact HKEJ at [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe