Park Logisitics - Creating Supply Chain Solutions

Park Logistics - Creating supply Chain Solutions

Creating Supply Chain Solutions
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We are watching you, ESC warns shipping alliances

The P3 cooperation might bring efficiency gains and a number of other benefits to the container liner shipping market, according to the European Shippers’ Council (ESC),  however the move could jeopardise the free market for freight transport.

Maersk Line, CMA-CGM, and Mediterranean Shipping Company have put forward plans to create the P3 alliance. At the same time the G6 alliance has said it will expand its cooperation to the Asia-North America West Coast and transatlantic trades.
 
The ESC pointed out that the alliances’ combined market share now totals 80 per cent on some trade routes.

And should P3 be deemed legal under European law, the ESC made it clear that it would look to the European Commission to take action to ensure that a market dominant position of 80 per cent of the transatlantic market would not materialise.

It said it would ensure its members were assured of all steps that were taken to safeguard the principle of a free and open market. And it promised to carry out  monitoring of the P3 and G6 alliances’ consequences in the market, to collect detailed facts in the best interest of its members.
 
*The Global Shippers’ Forum last month raised concerns over the P3 alliance, saying it required careful scrutiny.
 
“The P3 Network Vessel Sharing Agreement is unprecedented in its scale and scope, many of the provisions of which are open-ended according to the agreement filed with the FMC,” said secretary general Chris Welsh.

Article source: http://www.logisticsmanager.com/Articles/Article.aspx?liArticleID=21762