Even though the Chinse authorities derailed the planned P3 alliance between the three largest container carriers in the world, Maersk Line, MSC and CMA CGM, the near future will still bring new partnerships and collaborations. The P3 replacement between Maersk Line and MSC in the 2M alliance is just the latest example of the formation of mega-alliances, says analyst agency Drewry:
"New partnerships are required as no one has yet come up with a better alternative to reduce costs and improve service frequency."
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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.