Federal Maritime Commission rejects merger of Japanese carriers
The US Federal Maritime Commission (FMC) has unanimously rejected an agreement among the three biggest Japanese container carriers to form a joint container shipping service.
The Tripartite Agreement was filed by K Line, MOL and NYK on March 24 this year to seek authority for sharing information with each other in advance of starting operations as a new business entity in April 2018.
The new joint venture (JV) is expected to be officially established on July 1 this year.
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