The P3 alliance has moved a significant step closer to a launch of the collaboration between the three giant carriers CMA CGM, MSC, and Maersk Line. Yesterday the EU Commission announced that the alliance, as it stands now, does not violate the EU competition law.
However, the Commission will keep an eye on the alliance to ensure that it continues to comply with EU competition law, according to a statement issued by the P3 partners.
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.