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Maersk, MSC strike new vessel sharing deal

Ship out: Analysts said that the latest deal had a better chance of gaining Chinese approval because it involves fewer ships and volumes of goods. - PHOTO: AFP

[COPENHAGEN] The world's top two container carriers, Maersk Line and MSC Mediterranean Shipping Co, have struck a fresh vessel-sharing agreement after a previous three-way pooling deal known as P3 was undone by China's failure to approve it. Maersk and MSC say that sharing vessels cuts costs,