News / Shippers celebrate as P3 carriers put a brave face on the loss of their alliance

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The end of plans for the P3 Network, forced by the Chinese Ministry of Commerce (MofCom), has shaken the container liner industry.

Most players, including shippers, had assumed that after clearing regulatory hurdles in the US and Europe, the world’s three biggest container lines would get the green light in Asia.

However, MofCom’s refusal gave Maersk Line, MSC and CMA CGM no right of appeal, obliging them to abandon plans for the vessel-sharing agreement.

A year of planning, conservatively estimated to have cost ...