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Wall Street Journal: China to approve P3 in June

The Wall Street Journal reports that two sources familiar with the proceedings have informed that China will approve the P3 alliance in June.

Photo: Maersk Line

Following the EU's decision to clear the P3 alliance between Maersk Line, MSC, and CMA CGM, China is now ready to approve the comprehensive collaboration between the three container carriers, reports the Wall Street Journal, referring to two sources that are "familiar with Beijing's thinking," as the newspaper says.

According to the sources, the Chinese authorities will approve the alliance by as early as late June, which means the alliance looks set for launch this fall.

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