The Federal Maritime Commission (FMC) has called for more details on the potential impact of Gemini Cooperation on the competition in the ocean shipping sector. Thus, there is a possibility for Maersk and Hapag Lloyd to wait further before launching the joint service. The agreement was to come into effect from July 15, but the FMC has found the details submitted by the shipping lines insufficient to completely assess their competitive impact from the cooperation.
The two container shipping giants submitted the Gemini Cooperation Agreement to the FMC on May 31, 2024. The agreement would permit these companies to share vessels in trades between the United States and Asia, the Middle East, and Europe. Agreements typically become effective 45 days after filing unless the Commission issues a Request for Additional Information (RFAI).
