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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Mediterranean Shipping Co has traditionally been one of the most fiercely independent of the largest container shipping lines, and its management strategy a closely guarded secret, which is why its involvement in the P3 alliance raised eyebrows. Here, vice-president of Europe – and nephew of the owner – Diego Aponte explains his vision of the new alliance and how he expects to see the number of services on the combined Asia-Europe offering reduced from nine currently to eight.
Comment on this article
Gert Hofhuis
July 09, 2013 at 6:31 pmA monopoly under a different name – just wondering? Please explain how independent pricing, no exchange of market intelligence or no collusion on rates will be maintained! To my knowledge, Maersk Line and MSC have always been arch foes, so I wait with bated breath to see how this deal will ever work.