News / FMC approves Gemini Cooperation despite anti-competitive 'concerns'

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The Federal Maritime Commission (FMC) has admitted to “questions and concerns” over whether the Maersk and Hapag-Lloyd Gemini Cooperation will have anti-competitive consequences.

Following a statement saying the FMC had reviewed the cooperation agreement, “within the statutory timeframe” and had decided not to seek an injunction against the deal ? the only tool at its disposal ? FMC chairman Daniel Maffei put out another statement.

“The Gemini Cooperation Agreement will take effect today by the operation of law.  Nonetheless, I have questions ...