CP SHIPS AND D’AMICO SIGN NO-COMPETE AGREEMENT
D’Amico Societa di Navigazione SpA, the Italian shipping company that recently sold its container shipping arm Italia de Navegazione to the CP Ships group, has agreed not to compete with the new owner.
D’Amico will not compete with CP Ships between the United States and ports on the Mediterranean Sea and in Mexico, Central America, and South America for five years.