Is Ocean Three the final piece in the container lines mega-alliance jigsaw?
The mega-alliance rankings should determine the foundation for success, or will other factors play a ...
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Here’s an interesting angle on China’s rejection of the P3 network plans.
Hong Kong-based industry consultant, analyst and writer Charles De Trenck wrote in a LinkedIn blog: “I am not saying I don’t understand partially how such a “no” decision could have been made by China. In some contexts I could agree or understand. But in context of guidance, of the work done for approval, and in context of the dismal state of container shipping profitability, itself driven further down by ...
Comment on this article
Whilhelm
June 20, 2014 at 2:05 pmThe Chinese Government is interested in COSCO and CSCL only to the extent that they provide China the indigenous capability to import and export products. They are there to ensure the Japanese, Koreans or Europeans are not able to put a defacto tax on Chinese products by means of inflated freight rates. Higher freight rates result in a less competitive China. It’s true, the P3 would have led to higher Asia Europe rates which would have hurt Chinese manufacturing.