China’s rejection of the P3 Network plans to create the biggest container shipping alliance between the three largest carriers has opened up a chasm of confusion for the liner industry.
Although on one hand it is business as usual, the decision leaves the major liner groups’ long-term planning in tatters. It leaves many more questions than answers for everyone.
Maersk Line had decided takeovers were not the way to create economies of scale after buying Sea-Land and P&O Nedlloyd at great expense earlier this century.
