China Shipping on Monday scotched rumors it would potentially join the P3 Alliance of Maersk Line, Mediterranean Shipping Co., and CMA CGM.
The alliance, announced in mid-2013 and due to take effect in the second quarter of 2014 pending regulatory approval, would formally link the three largest carriers in the world on the three major east-west trades.
A report in Hong Kong’s South China Morning Post
Monday suggested China Shipping and UASC are considering joining the alliance
, citing an unnamed source. But CSCL Managing Director Huang Xiaowen denied the rumor
to Sino Ship News
, maintaining CSCL is not interested in joining any alliance at the moment.
UASC’s mention is likely tied to the line’s mammoth order for five 18,000-TEU vessels and another five 14,000-TEU vessels, due for delivery in 2014-15.
Drewry Maritime Research wrote that the order is the “first major challenge to the top players’ vessel capacity supremacy since Coscon and CSCL burst into the container market in the late 1990s,” adding that the ships would add 60 percent to UASC’s current vessel capacity. - Eric Johnson