CLOSER MONITORING OF CONTAINER SHIPPING ALLIANCES

Maritime regulators from the United States, China and the European Union agreed on Thursday to cooperate more closely to monitor increased tie-ups among shipping groups.

European and Asian container shipping groups have formed or expanded vessel-sharing alliances in the past year and the four main groupings control more than 90 percent of the market on major global routes.

“With the continued growth in scope of carriers’ cooperation, the authorities considered that monitoring of the sector warrants ever closer contact and better communication between competition and regulatory authorities,” the European Commission, which hosted the meeting, said in a statement.

EU



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