ShippingWatch

Alphaliner: P3 could trigger price wars

The P3 alliance between Maersk Line, CMA CGM, and MSC could end up triggering price wars and aggressive retaliations from rivals, according to Alphaliner.

Photo: APM Terminals

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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Oil service firm loses nearly USD 60 million in three months

Norway's PGS still suffers under the Covid-19-stricken oil market, delivering yet another financial report with enormous red figures on the bottom line. The deficit is smaller than in Q3 2020, however, when PGS lost more than a quarter billion dollars.

Further reading

Related articles

Trial banner

Latest news

See all jobs