PwC: German shipowners will cooperate their way out of the crisis
German shipping faces a wave of cooperations and alliances, according to a study by accounting and consulting agency PwC. A partner at the company expects that Maersk Line's new P3 Alliance will be rejected by the authorities.
BY OLE ANDERSEN
As much as half of the German shipping companies are planning to enter alliances with others - or are planning to strengthen existing alliances - in the coming months.
The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.