CSA raises P3 Network concerns

Shanghai: Zhang Shouguo, vice chairman and secretary general of China Shipowners’ Association (CSA) said in a release that monopolies and freight rate manipulation are prohibited in the global market and CSA is concerned by the possible negative influences brought by the P3 Network Alliance on fair shipping markets in the future.

Zhang said CSA will closely watch changes in the market share of P3 members, its influence on the market, and the association will firmly maintain the fair order of the market if there are any abnormal fluctuations. [04/11/13]

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