Yesterday the three major container carriers Maersk Line, CMA CGM and MSC were disappointed to learn that China had decided not to approve the much-prepared P3 alliance. The Global Shippers' Forum, GSF, feels the exact opposite.
"The unprecedented size and scale that the proposed P3 Global Alliance was going to pose competition regulators was a concern to the GSF. We had welcomed the recent monitoring arrangements for the proposals, but the P3 appears to have failed the legal hurdles under Chinese competition law which we always recognised was likely to be both an unknown factor and problematic," says GSF Secretary General Chris Welsh.
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