Maersk Shrinks MSC Pact After China Blocks P3 Alliance
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A.P. Moeller-Maersk A/S and MSC Mediterranean Shipping Co., the world’s top two container-shipping lines, agreed to share vessels, reducing the scope of a partnership after Chinese regulators blocked a proposal for a three-way alliance.
The 10-year pact is for Asia-Europe, Transatlantic and Transpacific routes, and covers 185 ships, Maersk said. That’s less than the 255 in the bigger plan, which would have included Marseilles-based CMA CGM SA, the world’s third-biggest carrier.