P3 rejection could benefit the charter market

The struggling container ship owners in countries such as Germany should be relieved that the world's three biggest carriers have abandoned their P3 alliance, according to Alphaliner.

BY OLE ANDERSEN

German container ship owners in particular have reason to be pleased that the P3 alliance between the three largest container carriers Maersk Line, MSC, and CMA CGM - also the three biggest charterers in the industry - will not be realized following China's rejection of the collaboration.

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