Shipping News Alert: P3 Halted by China
The P3 Network got approval from the US and Europe, but China said no.
Maersk, MSC, and CMA CGM–the 3 largest container shipping carriers in the world–will not be moving forward with the implementation of their P3 Network plans after the Ministry of Commerce (MOFCOM) in China announced yesterday that they are not giving approval.
Many shipping lines, shippers, and freight forwarders are breathing a sigh of relief as they worried the P3 Network would weaken international shipping competition.
Current cooperations between the shipping lines will remain in place, but the P3 Network is not going to happen.
Are you happy about the news that the P3 Network will not be happening?
Source: China
