AP Moller-Maersk Group has affirmed that there will be no commercial cooperation among its P3 Network alliance members to dominate the container shipping market share, amid concerns raised on potentially breaching competition law and compromising...
Trying to further reassure investors, Westports Holdings Bhd ceo Ruben Gnanalingam was quoted as saying he personally believed the market had over-reacted to the news of Westports losing volumes because of the P3 alliance.
It has been an interesting few days for container shipping’s planned next big thing: the P3 alliance. Late last week the alliance’s service networks were rather quietly made public via postings on at least one of the member line’s websites.
The unveiling of the P3 alliance’s planned port rotations sees the Port of Tanjung Pelepas (PTP) as the big gainer in terms of the three line’s Southeast Asian transhipment hubs on the Asia – Europe trade lane.
CMA CGM has announced its intention to double its feeder service to Liverpool, thereby providing support for new £300m Peel Ports’ deepwater development Liverpool2.
