Drewry: P3 alliance monopolizing the two main routes

The role of the new container alliance between the world’s three biggest container carriers will be entirely crucial on the two main routes Asia – Northern Europe and Asia – the Mediterranean, Drewry stresses in an analysis of the new cooperation.

Photo: APM Terminals

Particularly on the major services or strings between Asia – Northern Europe and Asia – the Middle East, the coming P3 alliance will have the upper hand from the very beginning considering today’s market situation. On the busiest string between Asia and Northern Europe, the alliance, according to Drewry, has 46 percent of the capacity from the outset, which according to the three carriers Maersk Line, MSC, and CMA CGM, will be the second quarter of 2014.

On the string between Asia and the Middle East, the three carriers have 55 percent of the market. Therefore, it is very vital for the carriers to be able to justify their alliance on these two strings to the competition authorities.

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