Thursday, December 1, 2011

More on CMA CGM agreement with MSC

The Financial Times has an article about the new announced
partnership between CMA CGM and MSC.

click here for link

They don't really say what the agreement guess we will have to
wait and see.

Generally these agreements are some sort of Vessel Sharing Agreement. If
they try to do anything beyond that, they will most surely get into trouble
with authorities.

In fact, I wouldn't be surprised if governments aren't looking closely at
all of the containership companies. Tt hasn't been that long ago
that they could legally get together and fix rates, and old habits die hard.

MSC and CMA CGM were 2 of the biggest rate cutters around. But, looks like
this might have come back to bite them.

We shall see.

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