Chinese regulators rejected the huge containershiptie-up with MSC and CMA CGM on Tuesday, saying it could eliminate or restrict competition in the Asia-Europe market.
Sydbank analyst Jacob Pedersen said: “This is verynegative for Maersk. They won't achieve about $1bn in cost savings, equivalentto 5-6% of unit costs."
AP Moller-Maersk group CEO Nils Andersen admitted tosurprise at the Chinese decision.
The company had hoped to realise significant costsavings and emissions reductions through the alliance.
But
