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US regulator approves Maersk's vessel sharing pact with MSC

2M alliance, in which the two pool 185 ships and will save Maersk US$350m, still faces resistance in China

Shanghai

MAERSK Line and Mediterranean Shipping Co (MSC), the world's two largest container shippers, won approval from US maritime regulators for a planned vessel sharing pact, bringing it a step closer after a bid for a larger alliance failed.

The so-called 2M alliance would see the two carriers pool...

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