The Chinese MOFCOM prohibits the proposed shipping alliance among the world’s three largest liner shipping operators (P3 Alliance)

No Way: Top Three Shipping Liners' Proposed Alliance was Blocked by Chinese Watchdog* Introduction On the very last day of the statutory period for a merger review (i.e. June 17, 2014), China’s Ministry of Commerce (“MOFCOM”) rendered its decision to prohibit the proposed shipping alliance among the world’s three largest liner shipping operators, namely, Maersk Line (“Maersk”), Mediterranean Shipping Co and CMA CGM (“P3 Alliance”). The proposed P3 Alliance would be structured as a limited liability partnership in England and Wales. It will be in overall charge of operational matters of all the participating undertakings’ container liner business on the world’s three major shipping routes - Asia to Europe, Transatlantic, and Transpacific. According to MOFCOM’s decision and a statement of the

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  • AnJie Law (Beijing)

Quotation

Michael Gu, The Chinese MOFCOM prohibits the proposed shipping alliance among the world’s three largest liner shipping operators (P3 Alliance), 17 June 2014, e-Competitions Transport (maritime), Art. N° 67321

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