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P3, G6 alliances gets EU clearance

June 4 - European Union antitrust regulators have approved the P3 alliance planned by AP Moller-Maersk, MSC and CMA CGM and another, the G6, which is made up of Hapag-Lloyd, APL, Hyundai Merchant Marine, Mitsui OSK Lines, NYK and OOCL.

The P3 Alliance was unveiled in March and followed the G6, which was set up in late 2011.

The EU watchdog said on Tuesday it did not plan to take any action against either alliance.

"At this stage, the Commission does not intend to open proceedings in relation to P3 or G6," said Antoine Colombani, Commission spokesman for competition policy.

"The Commission will follow market developments and will remain vigilant as regards any risks for competition that may arise from the implementation of P3 or G6. The Commission will consider intervening if necessary," he said.

Regulators in the USA cleared the P3 Alliance in March.

www.ec.europa.eu

Heavy Lift | News

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Allseas wins decommissioning work

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Innovation overhauled

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Heavy Lift Across The World

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