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Insight – Region must keep a sharp eye on changing trade patterns

By Grantley Stephenson, President, Caribbean Shipping Association

On 20 March the United States Federal Maritime Commission (FMC) announced that it approved the P3 Network Vessel Sharing Agreement between Maersk Shipping Line, CMA CGM and Mediterranean Shipping Company (MSC), authorising the parties to share vessels and act in a cooperative way in the trades between the USA and Asia, northern Europe and the Mediterranean.

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