Alliance of top 3 shipping lines may start in mid-2014
Firms will pool 250 ships which will run on 3 trade routes
Tue, Mar 25, 2014 - 6:00 AM
Cost-cutting move: The proposed tie-up is between Maersk Line, a unit of AP Moller-Maersk, Switzerland-based MSC Mediterranean Shipping Company and France's CMA CGM. - FILE PHOTO
[COPENHAGEN] An alliance of the world's top three container shipping firms which could control more than a third of the market is likely to start operating in mid-2014, No 1 player Maersk Line said after the tie-up was approved by US regulators.