U.S. FMC Unanimously Rejects Proposed Tripartite Pact
U.S. Federal Maritime Commissioner William P. Yesterday, I voted to reject the Tripartite Agreement proposed by Kawasaki Kisen Kaisha, Ltd. (K Line); Mitsui O.S.K. Lines Ltd. (MOL); and Nippon Yusen Kaisha (NYK). This agreement was unanimously rejected by the Commissioners on the Federal Maritime Commission (FMC). This decision by the FMC in no way precludes the Japanese carriers from merging their container trade business units into a single stand-alone company. Rather, the vote recognizes that the FMC cannot approve certain actions that would allow the three Japanese companies to act as a merged entity prior to actually merging. The Shipping Act does not provide the Federal Maritime Commission with authority to review and approve mergers.
DYT Completes First Voyage to Dubai
Dockwise Yacht Transport (DYT) recently delivered a shipment of pleasure yachts to Jebel Ali, Dubai on February 19, in time for the Dubai International Boat Show, which begins March 11th. The operation took place aboard the Lady Gloria, a ship supplied by BBC Chartering and Logistics, which partnered with DYT last October to expand global shipping options for DYT customers and will now regularly service Dubai and other previously hard-to-reach destinations. The same loading masters…
