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FMC opens public feedback period on vessel-sharing agreement between ONE, HMM, & Yang Ming

Posted on November 7, 2024 |

The Federal Maritime Commission (FMC) has opened a 15-day comment period for the public to provide feedback on a new vessel-sharing agreement between ONE, HMM, and Yang Ming.

The agreement allows the three companies to share vessels, charter space, and make joint decisions on vessel operations.

The carriers can also coordinate vessel sizes, quantities, and other operational details under the agreement.

The Premier Alliance Agreement (No. 201435) is available for public access through the FMC's online Agreement Library.

Activities under this agreement are exempt from federal antitrust laws, according to the FMC.

The FMC has outlined how to submit comments in its Notice of Agreement Filed, with a deadline of 20 November 2024.

If the FMC does not act, the agreement will go into effect on 12 December 2024.