Korean yards under pressure from P3

The rise of container alliances will disrupt the balance between supply and demand among container carriers and Korean shipyards, says Asiasis.

BY LOUISE VOGDRUP-SCHMIDT

One might think that the P3 alliance and its competitors - CKYHE and G6 - would be good news for the Korean shipyards, but that is not the case, says Asiasis. By forming joint vessel purchases, the alliances could put pressure on the yards.

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