Monopoly fears push US to veto CIMC takeover of Maersk reefer-maker

US fears that China could gain a near-monopoly of the global reefer container manufacturing industry mean a thumbs-down for China International Marine Containers’ (CIMC) $1bn takeover of Maersk Container Industry (MCI).

The US Department of Justice (DoJ) said yesterday the deal would have combined two of the world’s four suppliers of insulated containers and give China’s state-owned enterprises a 90% market share.

DoJ antitrust division assistant attorney general Jonathan Kanter explained: “American consumers depend on the global cold supply chain for many ...