Seoul: Reports from South Korea suggest that the Korea Shipowners’ Association is teaming up with the China Shipowners’ Association (CSA) to protest the creation of the new mega container alliance, the P3 Network, comprised of Maersk, MSC and CMA CGM. The two shipowning bodies claim that P3 will accout for 50% of the Asia-Europe tradelane, which violates various fair trade acts.
The CSA has said that the network could have a negative impact on the international shipping market.
P3 is looking to launch as early as next month once regulatory reviews of the network have taken place across the world.
CSA’s negative stance to the P3 Network could be a serious challenge to the new network, its previous campaigns against rival shipping organisations has held sway with Beijing, such as the ongoing ban of giant bulkers owned by Brazilian miner, Vale, calling at Chinese ports. [19/03/14]