COPENHAGEN: A.P. Moeller-Maersk announced on July 10 an alliance with shipping company MSC on some of the world’s busiest cargo routes after China scuppered a planned tie-up between the two companies and CMA.
The Danish shipping and oil conglomerate said it had signed a 10-year alliance with Swiss-Italian MSC on routes between Asia and Europe, and across the Atlantic and Pacific oceans. Maersk said in a statement that if regulatory approval was given, the alliance would begin operating in early 2015. The agreement came less than a month after a tie-up between the world’s three largest container operators — Maersk, MSC and France’s CMA CGM — was blocked by Chinese authorities.
Read more: Daily Times