Mike Schuler of gCaptain.com reports that the U.S. Federal Maritime Commission is seeking additional information on the Gemini Cooperation agreement between two of the world’s largest container shipping companies, Maersk and Hapag-Lloyd. He writes:
A global operational alliance between two of the world’s largest container shipping companies will not go into effect next week due to a need for more information from the U.S. Federal Maritime Commission (FMC).
The FMC requires additional details to assess the potential competitive impacts of the Gemini Cooperation Agreement between Maersk A/S, Hapag-Lloyd AG, and Hapag-Lloyd USA, LLC.
The Gemini Cooperation Agreement was filed with the FMC on May 31, 2024, and aimed to allow these companies to share vessels in trades between the United States and Asia, the Middle East, and Europe. Generally, such agreements become effective 45 days after filing unless the Commission issues a Request for Additional Information (RFAI), which has occurred in this case. […]
As part of the agreement, Hapag-Lloyd will exit THE Alliance at the end of January 2025, coinciding with the termination of the 2M alliance by Maersk and MSC Mediterranean Shipping Company.
Read more here.
