UK regulator delays GXO's Wincanton takeover, due to 'competition concerns'
The UK’s Competition and Markets Authority (CMA), the country’s chief competition regulator, has delayed GXO’s ...
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The US Federal Maritime Commission has acted over suspicions that an information-sharing arrangement between ocean carriers and west coast terminal operators could lead to complaints on competition issues.
The FMC has issued a Section 15 order on signatories to the Pacific Ports Operational Improvements Agreement (PPOIA), requiring them to provide additional information on the agreement, and ordering “common carriers and their employees and agents to report on matters germane to the business of the carrier”.
The PPOIA was originally filed with the ...
Comment on this article
David Tubman
July 14, 2015 at 2:21 pmMr. Van Marle,
A quick correction to your penultimate paragraph:
the FMC did not suspend the application by 16 shipping lines with its RFAI.
The Commission unanimously voted to send the parties a Request for Additional Information (RFAI), meaning a delay the implementation of an amendment that would add additional parties to the PPOIA agreement by stopping the 45-day clock.
Alex Lennane
July 14, 2015 at 2:36 pmDear Mr Tubman,
Thank you for your correction. We will update the story as soon as possible.
David Tubman
July 14, 2015 at 2:40 pmThe three additional parties are MSC Mediterranean Shipping Company, China Shipping Container Lines, and Ports America Outer Harbor Terminal.
Thanks.
David