2 shipping alliances involving Maersk, NYK get nod
Thu, Jun 05, 2014 - 6:00 AM
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.