News / It's back to the drawing board for the P3 alliance as the fallout impacts the sector

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In the view of transport consultant Drewry, the Chinese regulators’ veto of the P3 Network last week is likely to hamper the much-needed stabilisation of the overcapacity-plagued and unprofitable ocean carrier industry.

However, Drewry’s Container Insight Weekly says that, driven by economy-of-scale cost savings, the development of formalised vessel sharing and operational co-operation between the major carriers “will not stop here”.

CIW analyses the fallout from the Chinese Ministry of Commerce (MofCom) decision to block the world’s biggest carrier alliance on the ...