News / US green light for 2M and hopeful service providers must now 'sharpen their pencils'

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The 2M vessel sharing agreement has cleared the US Federal Maritime Commission (FMC) regulatory hurdle at the first attempt – and ahead of expectations.

And, unlike its failed predecessor, the P3, with apparently no requirement for approval from the Chinese, Maersk Line and MSC can now turn their attention to the small print of their offer.

While the ports have been revealed in the 2M schedule proforma issued by the carriers, terminals have not yet been announced – or indeed the size ...