Copenhagen-based Maersk Line and Geneva’s Mediterranean Shipping Company (MSC) submitted their 10-year agreement known as 2M with the US Federal Maritime Commission (FMC) on Wednesday local time. The scope of the deal will straddle trade routes from Europe to the US and into Asia.
The FMC will start a 45-day review period before a decision is given unless the Washington agency demands additional information from the applicants, in which case the clock will stop and restart when the materials are submitted.