The United States approved the "Gemini" cooperation agreement, Hapag-Lloyd and Maersk announced the planning plan
The US Federal Maritime Commission (FMC) announced on its website on September 9 that it approved the Gemini Cooperation Agreement between Maersk and Hapag-Lloyd.
On July 12, the FMC asked Maersk and Hapag-Lloyd to provide additional information, including data necessary to complete an economic analysis of the competitive impact of the agreement. The two liner companies submitted their responses on July 26.
Despite the approval, the FMC stressed that the "Gemini" cooperation agreement will still be subject to enhanced review and ongoing oversight by the FMC, and that all parties involved in the alliance agreement must agree to regulatory conditions, which will begin immediately.
In addition to regulation, the FMC also has the power to assess the conduct and consequences of alliance agreements.
At the same time, Maersk and Hapag-Lloyd announced two sets of plans for the Gemini high punctual shipping service network.
Maersk said that in view of the continued instability in the Red Sea, the two companies have prepared two options for sailing through the Suez Canal and around the Cape of Good Hope, and plan to finalize one of them in October 2024.
According to the collaboration plan, Maersk and Hapag-Lloyd will collaborate on maritime services on the east-west trade corridor starting in February 2025, aiming to establish a flexible and interconnected service network that can achieve an on-time rate of more than 90% when fully operational, consisting of 27 or 29 trunk lines and 30 flexible shuttle express lines. A total of more than 300 ships participated in the operation.
Rolf Habben Jansen, CEO of Hapag-Lloyd, said: "We have launched a Marine service network with high on-time performance, excellent connectivity and sustainability. We are pleased to be able to fully introduce our best-in-class service network to our customers before the official launch, so that they can plan their supply chain from now on and more easily respond to changes in the market."
In addition, Maersk and Hapag-Lloyd have been very active in the charter market recently. "Maersk and Hapag-Lloyd want to ensure they have sufficient capacity before launching the partnership, especially as Maersk is trying to close the capacity gap with Mediterranean shipping," said Linerlytica, an industry consultancy.
On July 12, the FMC asked Maersk and Hapag-Lloyd to provide additional information, including data necessary to complete an economic analysis of the competitive impact of the agreement. The two liner companies submitted their responses on July 26.
Despite the approval, the FMC stressed that the "Gemini" cooperation agreement will still be subject to enhanced review and ongoing oversight by the FMC, and that all parties involved in the alliance agreement must agree to regulatory conditions, which will begin immediately.
In addition to regulation, the FMC also has the power to assess the conduct and consequences of alliance agreements.
At the same time, Maersk and Hapag-Lloyd announced two sets of plans for the Gemini high punctual shipping service network.
Maersk said that in view of the continued instability in the Red Sea, the two companies have prepared two options for sailing through the Suez Canal and around the Cape of Good Hope, and plan to finalize one of them in October 2024.
According to the collaboration plan, Maersk and Hapag-Lloyd will collaborate on maritime services on the east-west trade corridor starting in February 2025, aiming to establish a flexible and interconnected service network that can achieve an on-time rate of more than 90% when fully operational, consisting of 27 or 29 trunk lines and 30 flexible shuttle express lines. A total of more than 300 ships participated in the operation.
Rolf Habben Jansen, CEO of Hapag-Lloyd, said: "We have launched a Marine service network with high on-time performance, excellent connectivity and sustainability. We are pleased to be able to fully introduce our best-in-class service network to our customers before the official launch, so that they can plan their supply chain from now on and more easily respond to changes in the market."
In addition, Maersk and Hapag-Lloyd have been very active in the charter market recently. "Maersk and Hapag-Lloyd want to ensure they have sufficient capacity before launching the partnership, especially as Maersk is trying to close the capacity gap with Mediterranean shipping," said Linerlytica, an industry consultancy.
