The Federal Maritime Commission has called for an unusual meeting with its European and Chinese counterparts to scrutinize the proposed alliance of the world’s three biggest container-ship operators, amid concerns by global competitors that it might unfairly squeeze smaller shippers.
The proposed tie-up between A.P. Moller-Maersk A/S of Denmark, CMA CGM of France and Mediterranean Shipping Co. of Switzerland would give the three European companies joint control of more than 40% of total sea-cargo capacity in some of the world’s busiest trade routes. The three companies announced the tie-up in June, but it must be approved by U.S., European and Chinese regulators.
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Costas Paris, The Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/LS_mIRnCaOc/
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