News / P3 Alliance gets EU green light, despite shipper worries, and looks to China next

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The east-west P3 vessel-sharing agreement between the world’s three biggest container carriers has cleared its second regulatory hurdle, the EU Competition Commission.

The European Commission informed Maersk Line, MSC and CMA CGM yesterday it had decided not to investigate the P3, and its alliance rival the G6, over any antitrust issues.

However, competition commission spokesman Antoine Colombani said: “The commission will follow market developments and will remain vigilant as regards any risks for competition that may arise from the implementation of P3 ...