The US Federal Maritime Commission (FMC), responsible for regulating US international ocean transportation, has reported that three container shipping companies will be removed from the government linked 'Controlled Carrier List'.
It reported that American President Lines is being removed from the list because it is now wholly owned by CMA CGM and no state entity is a majority owner.
United Arab Shipping Company, formerly United Arab Shipping Company, is also being struck off as it is now wholly owned by Hapag-Lloyd and no state entity is a majority owner.
Hainan P O Shipping has also being removed as it no longer operates in the US-Foreign trades due bankruptsy stopping its container shipping services in 2013.
Technical Paper: Container Trades of East and Southern Africa
Records have been amended to show that Cosco Shipping Lines (Cosco) has been formed because of China Shipping being integrated into COSCO Container Lines Company.
FMC also reported that Cosco will remain on the list with NAN Nord SPA, located in Algiers, Algeria.
The FMC reviews agreements under the Shipping Act to assure that participating parties do not engage in anticompetitive behaviour that results in unreasonable increases in rates or decreases in service, or other prohibited acts.
The commission’s next meeting is scheduled for September.
It still has to have discussions about Cosco's planned acquistion of OOIL and whether a trio of Japanise carriers comprised of Kawasaki Kisen Kaisha, Mitsui OSK Lines, and Nippon Yusen Kabushiki Kaisha will be able to operate in the US as the 'Ocean Network Express'.
