Drewry: P3 forces rivals to increase fuel consumption
If the competition authorities in the United States, China, and the EU approve the P3 alliance with Maersk Line, MSC, and CMA CGM from the 2nd quarter 2014, the three container carriers will either maintain or increase the speed of their ships, thus increasing the pressure on the competition, whose latest financial results seem to point to slow steaming as a more natural and accessible path, says analysts Drewry in its newsletter Container Insight Weekly.
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