Chinese authorities killed off the cooperation deal between Maersk, MSC and CMA CGM this month.

Kuhne said this would help preserve competition between carriers.

“The infinite wisdom of the Chinese has helped to ensure that competition between the leading shipping companies will continue to exist,” he said, according to Bloomberg.

Kuhne controls logistics group Kuhne + Nagel and is a shareholder in German line Hapag-Lloyd, which is merging with Chile's CSAV.

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