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Attorney: Container giants challenge strict EU regulation

Maersk Line, MSC, and CMA CGM could be forced to withdraw from other collaborations outside the EU to avoid having the proposed P3 alliance overruled in Europe, says shipping attorney.

Photo: SØLBECK CHRIST

The three largest container carriers in the world, Maersk Line, MSC, and CMA CGM could be forced to withdraw from conferences and other collaborative unions if they want to avoid seeing the large P3 alliance overruled by the EU Commission, says shipping attorney Guus Braakman to Lloyd's List ahead of a European Maritime Law Organization conference in London on Friday.

Liner conferences, where carriers can set the rates and discuss market conditions, were banned within the EU five years ago. But in both Singapore and the United States, shipping companies are still allowed to meet and share commercial information on rates and capacity.

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