The P3 partners have cleared another hurdle after European regulators gave the green light for their planned vessel-sharing agreement.
Maersk Line, Mediterranean Shipping Co (MSC) and CMA CGM have obtained assurances from the European Commission (EC) that it will not open proceedings but will follow the P3 to ensure it remains in compliance with European competition law.
The move means that the world’s three largest lines have regulatory approval from two major trading groups — Europe as well as the US — having gained clearance from the US Federal Maritime Commission in March.
However,
