FMC Chairman Seeks Regulatory Summit on P3 Alliance
Federal Maritime Commission Chairman Mario Cordero is requesting regulators from the E.U. and China to meet for a "Global Regulatory Summit: to discuss the proposed P3 Global Alliance, the FMC said in a press release. The proposed alliance would align the three largest container carriers, Maersk Line, CMA-CGM, and Mediterranean Shipping Company. The meeting would happen in Washington and allow for the regulators to discuss their roles for such an alliance, said the FMC.
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Cordero will keep an open mind while considering the agreement, he said. "The Commission is responsible for carrying out the congressionally-mandated goals of the Shipping Act, namely, non-discriminatory regulatory processes in harmony with and responsive to international shipping practices," said Cordero. "Together with our European and Chinese counterparts, we as regulatory authorities, have responsibilities related not only to our nations, but to the global shipping structure to ensure that this proposed Alliance does not harm others, including consumers, the maritime community, and world trade. Once this agreement is filed, I envision all members of our American maritime industry — shippers, importers, exporters, consumers, ports, unions, intermodal entities — to fully express their views to the Commission in written comments or open hearings as to how this Alliance of foreign flag carriers would affect our waterborne commerce."