News / US gives P3 Alliance the green light, but caveats will address shippers' concerns

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The proposed vessel sharing agreement between the world’s three largest container lines has been given the seal of approval by the US regulatory office of the Federal Maritime Commission (FMC), despite the opposition of its former chairman, industry veteran Richard Lidinsky.

He voted against the P3 vessel sharing agreement (VSA) after having halted the FMC review in December with a request for more information.

The decision by the FMC is not a surprise, given the positive comments on the benefits of alliances ...