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China shippers appeal to government to block P3 alliance
Chinese shippers have appealed to their government to block the formation of the P3 alliance.
1 Min Read
Kalyakan - stock.adobe.com
According to the Asian Shippers’ Council (ASC) the China Shippers Association (CSA) has raised its concerns with the State Development and Reform Commission, the Ministry of Transportation and the Ministry of Commerce asking them to block the alliance in accordance to China’s anti-trust law.
The ASC held its annual general meeting in Shenzhen on Monday where the grouping said it objected to the formation of P3. “The sheer size will give P3 the capability to dictate the direction of the freight market,” ASC said in statement following the meeting.
“As the ball is now in the court of the regulators we urge them to think long and hard before giving their approval for P3, for it may well be a game changer we do not need,” it added.
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