Carriers look to short-term gains over blanking, as Red Sea crisis props up rates
With the Red Sea crisis continuing to artificially prop up container spot rates, carriers have ...
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Although the headline is slightly misleading – the point of this article is that the P3 members, Maersk, CMA CGM and MSC, will have the larger average size vessel, and therefore better economies of scale, rather than reach of network or number of vessels – the central theme that it pretty much would take 10 of the main box shipping lines on Asia-Europe to match the combined strength of the P3 carriers says a great deal about the current state of container shipping: alliances are the new form of industry consolidation.
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