According to sources, even though US competition authorities approved the merger between Damco USA and Pilot Air Freight Holdings, no letter of intention or approval was ever submitted or granted by Danish Authorities.
In recent a recent report by the Swedish diary SvD, The Danish competition authority state that the Danish shipping group AP Møller-Maersk has broken the competition rules. Essentially, it concerns Maersk-owned Damco USA’s merger with Pilot Air Freight Holdings in May 2022, where an application for competition review should have been submitted to the Danish authority and further approved for the merger to take place.
According to ShippingWatch.com, It was Damco and Maersk themselves who contacted the authorities in Denmark in June last year when the companies realized that the merger required approval in Denmark as well.
The authority will now take the case to court and aims to fine Maersk for the violation.
Further information will be provided as the story develops
Sources: SvD, ShippingWatch