Chinese liner industry insiders expect Beijing’s regulators to approve the worldwide P3 Network as the country’s containership owners are too weak to provide them with a credible alternative.
China, along with South Korea, has yet to give its official blessing to the operational alliance that will link the biggest assets of the world’s largest players on the main routes. US regulators have already approved the P3 as not being a threat to competition and last week the European Commission (EC) also made it clear that it would not mount an investigation into the matter.
Maersk
