News / US Maritime Commission puts the brake on 2M proposal while it consults China

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It seems certain that the US Federal Maritime Commission (FMC) will “stop the clock” on its 45-day review of the Maersk Line/MSC 2M vessel sharing agreement (VSA) application, despite a hastily arranged visit last week from senior executives representing the world’s two biggest container lines.

Having earlier approved the P3 Network, the US watchdog was like many caught on the back foot by the unexpected scuttling of the alliance by Chinese regulators in June.

In the P3 application process there was only ...