ShippingWatch

This is the P3 alliance's best argument

There is one absolutely key argument in the P3 alliance's response to the competitors, politicians, and ports voicing concerns about the giant alliance. Find it below.

There is one factor that is featured repeatedly in the concerned comments submitted to the US competition authority FMC, the Federal Maritime Commission, about the giant P3 alliance: its size. That is, whether the alliance between the world's three largest container carriers Maersk Line, MSC, and CMA CGM will be exploited to thwart competitors and put ports under pressure in terms of prices.

This becomes apparent when reviewing the comments submitted to the Federal Maritime Commission in Washington, which handles the application and the final approval or rejection of the collaboration for the United States. The concern is also featured in reactions from other regions in the world. Thus also from the Chinese shippers, referring to the Chinese manufacturers relying on the container carriers when transporting goods to the west.

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

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Containers piling up at Port of Felixstowe

Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.

Multipurpose market red-hot but short on capacity

With acute shortages of capacity, bottlenecks and ensuing delays have continued to affect the multi-purpose sector, where containers are lucrative goods. The rates are currently record high, according to an analysis from Toepfer Transport.

Further reading

Related articles

Trial banner

Latest news

See all jobs