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> The Ministry of Commerce in China approved Maersk Line’s proposed > acquisition of Hamburg Süd on November 8.
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> The approval is subject to conditions, which are that Maersk Line commits > not to extend Hamburg Süd’s membership of a vessel sharing agreement (VSA) > currently active on the Far East Asia–West Coast of South America trade > route, and that it commits to terminate Hamburg Süd’s membership in a VSA on > the Far East Asia–East Coast of South America trade route on the earliest > date permitted.
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> Maersk Line further commits to not enter into VSAs with its main competitors > within five years of the deal closing.
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