The Federal Maritime Commission said Monday it planned to host on Dec. 17 a global regulatory summit
"in light of the increased networking among ocean common carriers.”
Regulators from China and the European Union will be in attendance.
The FMC said, "The summit will discuss global regulatory issues including carrier alliances, vessel-sharing agreements, and the impact of operational agreements on international trade."
The FMC originally called for the summit after Maersk, MSC and CMA CGM announced plans for the P3 Alliance. Today, the G6 carriers — APL, Hapag-Lloyd, Hyundai Merchant Marine, MOL, NYK and OOCL — announced that they would expand their alliance into the Asia-U.S. West Coast and transatlantic trades so they have ships deployed in all of the major East-West trades. The G6 had already been cooperating in the Asia-Europe, Asia-Mediterranean and Asia-East Coast trades.
When FMC Chairman Mario Cordero originally called for the P3 summit in October, he said it was for the three regulation bodies “to discuss their respective regulatory roles" in considering the impact of the announced P3 deal.
There also was no mention in yesterday's FMC press release announcing the date of the summit that the FMC was seeking to delay the P3. The three carriers filed their vessel sharing agreement at the FMC Oct. 24, and the FMC said last month if it “takes no action to seek an injunction or to require additional information, the agreement will become effective on Sunday, Dec. 8, 2013.”
The FMC asked for comments from the public on the agreement through Nov. 29. It received about 60 responses. It said it will share non-confidential comments upon request. It was not clear if carriers such as members of the P3 alliance or G6, or even the general shipping public, will participate in the summit. Executives from the P3 met with FMC commissioners in November.
Several shipper groups have expressed concerns about the P3 alliance
or proposed certain questions to be asked during an FMC examination of the deal.