Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

FMC endorses Ocean Three-Hanjin Shipping cooperation

FMC endorses Ocean Three-Hanjin Shipping cooperation
The US Federal Maritime Commission (FMC) has approved of a vessel sharing and slot charter agreement between members of the Ocean Three Alliance and Hanjin Shipping.

“I am voting to take no further action on the Hanjin/UASC/CMA CGM/CSLC vessel sharing and slot charter agreement. This agreement is scheduled to become effective on 2 January 2015,” said William Doyle, commission of FMC.
The agreement covers container shipping trades between the UAE, Pakistan, India, Saudi Arabia, Egypt, France, Spain, Morocco and the US East Coast with up to 15 containerships of up to 9,500 teu.
The US port rotation of New York, Norfolk and Savannah will not include Miami. Other new international ports added include Mundra and Livorno. Further, Tangier will replace Algeciras.
“At this time it appears that the Agreement is not likely, through a reduction in competition, to result in an unreasonable increase in transportation service or an unreasonable increase in transportation costs,” Doyle commented.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
TMSRPan21-22 Category Promo 600_600-resize
Read Now

The 21st Edition of Panama Maritime Review

"We will invest in digital transformation, exploring innovative ways in which we can maxinimise the Canal's capacity to provide value guarentee quality of service to our customers."

Ricaurte Vásquez Morales, Panama Canal Administrator

Read Panama Maritime Review 2021/22 to find out more.

TMSRPan21-22 Category Promo 600_600-resize