18 August 2019

US clears mega shipping alliance, WSJ says

Chinese regulators are likely to follow the US Federal Maritime Commission’s lead in giving the green light to an alliance between the world’s three biggest container-shipping companies, the Wall Street Journal reported Thursday, citing people involved in the talks. The “P3″ alliance comprises Denmark’s Maersk Line, France’s CMA CGM and Switzerland-based Mediterranean Shipping Company, the report said. The combined operations would control up to 40 percent of total cargo across the Pacific and Atlantic oceans, it said. For the three shipping companies, the pact’s logic rests on sharing ships and port facilities from Shanghai to Rotterdam, New York and the US West Coast, the report said. 

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