ShippingWatch

Shippers and ports warn strongly against P3

Especially the large American shippers' organizations and some of the biggest ports are worried about the P3 alliance, according to the comments the Federal Maritime Commission has received ahead of the summit on December 17th.

Impaired service. Competitors squeezed out of the market. Ports that will have to settle for lower fees. Fewer jobs. Or: Better service from an alliance that is able to separate price arrangements and marketing from the VSA - Vessel Sharing Agreement - that forms the basis of the entire P3 alliance. An agreement on a market that has been based on alliances and VSA's for twenty years anyway, to boost the efficiency.

There are plenty of opinions about the world's most comprehensive container cooperation so far, between the three largest carriers in the world, and the opinions depend entirely on who the comment belongs to. But the comments sent to the US competition authority FMC, the Federal Maritime Commission, are important in relation to the approval that the P3 alliance depends on in order to start operating next year. Because these are the responses that the US, China, and the EU will review at a summit in Washington, DC, on December 17th, and which could ultimately decide whether the alliance gets a green-light or not.

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