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Shippers: New alliances will strengthen competition

That P3 turned into 2M and Ocean Three is a good thing for shippers, says Secretary General of the Global Shippers Forum, Chris Welsh. More alliances lead to stronger competition, he says.

The Global Shippers Forum, GSF, has in the past criticized the P3 collaboration, but the organization is not nearly as worried about the new 2M container alliance.

"P3 had a 47 percent market share on Asia-Europe, while 2M has 37 percent. It's still a very significant market share, but I'm confident that the several new alliances will create a competitive environment that will ultimately benefit the shippers. From a customer perspective, 2M is better," Chris Welsh, Secretary General of the GSF, tells ShippingWatch following the FMC's statement earlier today.

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