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2 shipping alliances involving Maersk, NYK get nod

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Set to sail: Maersk unveiled the proposed tie-up with Switzerland-based MSC Mediterranean Shipping Company and France's CMA CGM, in March. - PHOTO: BLOOMBERG

[BRUSSELS] European Union antitrust regulators have approved an alliance planned by world No 1 container shipping company AP Moller-Maersk and another that includes Japan's largest shipping firm Nippon Yusen Kaisha (NYK) aimed at tackling excess capacity. Maersk unveiled the proposed tie-up with