News
The U.S. Federal Maritime Commission (FMC) has admitted to questions and concerns over whether the Gemini Cooperation, to be formed by Maersk and Hapag-Lloyd, will have anti-competitive consequences.
"The Gemini Cooperation Agreement will take effect today by the operation of law," said FMC Chairman Daniel Maffei said last week. "Nonetheless, I have questions and concerns about whether the Gemini Cooperation Agreement filed with the FMC has, or will, result in anti-competitive consequences that violate the Shipping Act."
He noted that the law did not give the FMC enough time to further evaluate the agreement and no viable way to prevent it from taking effect. However, he added: "I have joined my colleagues in ordering FMC staff to engage in immediate and ongoing rigorous monitoring of the Gemini Cooperation Agreement to ensure that it doesn't illegally impact US importers, exporters, covered service providers and consumers."
