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
Fri, Oct 10, 2014 - 5:50 AM
Maersk-MSC pact will create the biggest player, with 35% of Asia-Europe route, 31% of transatlantic and 22% of transpacific.
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.