Maersk MSC CMA P3 alliance Not Approved.
CHINA’s Ministry of Commerce has declined to approve the P3 Network, in effect killing an alliance that would have reshaped the container-shipping landscape.
Freight Operational Network Forbidden
In a strongly worded statement on its website, MofCom said on Tuesday that it had decided after a seven-month antitrust review to “forbid Maersk Line, Mediterranean Shipping Co and CMA CGM to concentrate” by setting up an operational network.
Separately, Maersk Line, one of the three would-be alliance members,