Shippers happy

The organisation representing European cargo owners has backed China’s blocking of the P3 boxship alliance.

The European Shippers' Council (ESC) said it understood why the Chinese government refused competition approval for the Maersk, MSC and CMA CGM tie-up.

It said it had already expressed its “concern about the risk of dominant situation created by an alliance that could represent 44% of market shares for trades between China and Europe.”

it added: “The free choice of shippers should be and remain the highest priority. Individual shipping lines have to distinguish on price, service levels and routing."