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Shippers raise concerns over P3 alliance

P3 seen as changing structure and competitive state of the global container shipping market

The shippers believe, rightly, that consolidation of services will tend to restrict capacity and that will consequently put upward pressure on freight rates - PHOTO : AFP

CONTAINER shipping is back in the spotlight. Last week the Global Shippers' Forum (GSF) officially raised its concerns over the proposed P3 Global Alliance among Maersk Line, CMA-CGM and Mediterranean Shipping Company (MSC) by submitting detailed questions to the European Commission Competition