Carrier lobby groups secure nod for merger

The Federal Maritime Commission in the United States has approved the merger of two container line lobby groups that together control most of the containerised cargo shipped between Asia and America.

Sources said a formal announcement would be made today in the US following a vote by FMC commissioners last week.

The move will allow the Transpacific Stabilisation Agreement to join forces with the Westbound Transpacific Stabilisation Agreement.

via Business feed http://www.scmp.com/business/companies/article/1214776/carrier-lobby-groups-secure-nod-merger