There could be great risks associated with the new P3 alliance between Maersk Line, CMA CGM, and MSC, if it is approved. The alliance could end up triggering price wars and lead to volatile rates. That is the assessment of analysis firm Alphaliner, according to Lloyd’s List.
The alliance provides for an operational collaboration between the three players – the world’s largest container carriers. Consequently, the three carriers will have no other option than to compete on prices, Alphaliner believes.