ShippingWatch

G6 could get FMC decision in April

In January the US maritime authority, FMC, requested additional information from the G6 alliance, which is looking to expands its collaboration. The FMC has now received this information and has 45 days to review the material.

The US Federal Maritime Commission, FMC, now has the next 45 days to respond to the G6 alliance about whether it can expand its collaboration on US services or not, as the alliance has now submitted the additional information requested by the FMC, according to an FMC Twitter update:

"G6 Alliance’s confidential response to FMC's request for additional information received and under review," says the FMC.

Do you want to stay up to date on the latest developments in International shipping? Subscribe to our newsletter – the first 40 days are free

This means that the authority will have to respond by the end of April, at the latest, where G6 will then be able to expand its services if the alliance expansion is approved by the authority. The FMC "stopped the clock" in January, citing concerns about the carriers' independence, and the authority then requested further information from G6. FMC member Richard A. Lidinsky, Jr. cast the deciding vote in favor of making the G6 alliance submit additional information.

P3 alliance divides US interests

"It is imperative the Commission fully understands the implications of what has been proposed. Of particular concern is how the proposed Service Centers will operate autonomously of the parties to the Agreement, and how the five members of the Alliance belonging to the Transpacific Stabilization Agreement (TSA) will act independently from the one lone independent carrier in setting rates for certain routes covered by the Agreement," he said at the time.

P3 has also submitted additional information to the FMC earlier this month, and the new alliance could expect a potential approval in March.

Americans concerned about G6 independence

The G6 carriers - American President Lines, Ltd. (APL), Hapag-Lloyd, Hyundai Merchant Marine Company (HMM), Mitsui O.S.K. Lines, Ltd. (MOL), Nippon Yusen Kaisha (NYK), and Orient Overseas Container Line (OOCL) - filed an application with the FMC on December 2nd last year, concerning permission to expand their cooperation on all major routes between Asia and the US West Coast, and between Europe, the Mediterranean, and the US Gulf Coast.

Do you want to stay up to date on the latest developments in International shipping? Subscribe to our newsletter – the first 40 days are free

Media: P3 alliance headed for US approval 

New G6 alliance agreement will only apply till 2016 

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs