No Calm for Maritime: It looks as though continued volatility will be the story for ocean shipping

摘要

As much as one hates to use the phrase "shot across the bow" when writing about maritime shipping, there's likely no better way to capture the surprise inspired by China's recent decision to block the formation of the P3 alliance. After all, the proposal by the world's three largest container shipping lines - AP Moller-Maersk, CMA CGM and the Mediterranean Shipping Company - to share space on about 250 vessels plying the Asia-Europe, transatlantic and transpacific sea lanes had already been approved by U.S. and European regulators.