Westports to study effect of blocked P3 alliance


PETALING JAYA: Westports Holdings Bhd will conduct a study on the impact of the P3 shipping alliance or network which was recently blocked by China, but expects it would not have a material impact on its throughput, going forward.

The formation of the global shipping P3 alliance comprising Maersk Line, Mediterranean Shipping Co (MSC) and CMA CGM – Europe’s three biggest shipping companies that collectively control close to 50% of Asia-Europe shipping trade – was supposed to marginally reduce the number of calls of CMA CGM to Westports.

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Business , Business , P3 , Westports , 5246

   

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