The Federal Maritime Commission’s (FMC) William Doyle will not delay the implementation of the CKYHE alliance on US trades.
The alliance of Cosco, Kawasaki Kisen Kaisha (K Line), Yang Ming, Hanjin Shipping and Evergreen Line filed papers to extend its existing agreement on Asia-Europe and Mediterranean trades to its US services in October, with the hope of starting services in spring 2015.
“It appears that the CKYHE Agreement is not likely, through a reduction in competition, to result in an unreasonable increase in transportation service or an unreasonable increase in transportation costs,” Doyle concluded in his statement.