A PYMNTS Company

Denmark/China: Maersk appeals to Chinese regs for shipping line alliance

 |  September 21, 2014

Maersk Line, part of Denmark’s Moller-Maersk, has reportedly reached out to Chinese officials in hopes of securing a smooth approval for its alliance plans with Switzerland’s Mediterranean Shipping.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The world’s largest container shipping company has reportedly spoken to the Ministry of Commerce, among other officials. MOFCOM dealt a blow to Maersk and Mediterranean Shipping earlier this year when it blocked their initial plans of joining with a third rival to form a mega-shipping alliance.

    Now, the two shipping companies are hoping to meet a different fate when they appeal to federal officials in China. Reports suggest the joint venture has a better chance of earning approval as the companies will own less than 30 percent of the Asia-Europe shipping route market.

    An earlier proposal for the two companies to team with France’s CMA CGM was denied by China after earning approval in other jurisdictions.

    According to Maersk, its new joint venture will only need to file details of the plan with China’s transport ministry, but said that as a courtesy it approached MOFCOM to discuss the deal.

    Full content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.