The US Federal Maritime Commission (FMC) has called for public comments regarding the proposed Gemini Cooperation Agreement between Maersk and Hapag-Lloyd. This agreement involves the coordination of their global vessel operations through a ‘hub and spoke’ system. The key components of this system include:
- Mainline Network: Major ports will be served by mainline services.
- Shuttle Network: Remaining ports will be served by shuttle services, with one such service initially calling in the US.
The deadline for public comments was June 18. If the FMC takes no action after the comment period, the Gemini Agreement will become effective on July 15.
Key details about the Gemini Agreement and its implications:
- Exemption from Antitrust Laws: Activities under agreements filed with the FMC are exempt from federal antitrust laws.
- Review of US Feeder Service: The sole US feeder service under this agreement will be reviewed periodically by the FMC.
- Future Alliance Changes: Hapag-Lloyd will leave THE Alliance by the end of January 2025, and Maersk and MSC will terminate the 2M alliance in January 2025.
These changes mark significant shifts in global shipping alliances, potentially impacting how maritime operations are conducted and regulated.
