China

China

27 May 2015
Guangzhou Port Group has announced plans to invest $484 million to expand the deepwater channel of the port to meet the demand for two-way transport of large vessels.
18 Jun 2014
“The world changed in the last 24 hours with the collapse of the planned P3 Network,” Ron Widdows told the Marine Money Week conference in New York today.
18 Jun 2014
China Shippers’ Association today said it welcomes the “very correct and wise” decision by China’s Ministry of Commerce to ban the formation of the P3 Network comprising the world’s three largest container lines.
18 Jun 2014
Asian ports are still digesting the ramifications of China’s unexpected decision yesterday to reject the P3 Network application.
18 Jun 2014
From initial announcement to abandonment, the P3 Network's career was crowded into just 12 months. Our slideshow reviews the major developments in the story over the past year.
17 Jun 2014
In a statement published on its website rejecting the proposed P3 Network, the Chinese Ministry of Commerce said the proposed alliance would be anticompetitive and not supportive of the “social public interest.”
17 Jun 2014
The three carriers of the now-defunct P3 Network said today that they will continue to push for improvements in container shipping efficiency and quality of service despite the shocking news this morning that their proposed mega-alliance was rejected by Chinese antitrust authorities.
17 Jun 2014
The rejection of the P3 shows how dominant the world’s largest carriers were set to become if their proposed mega-alliance took effect.
17 Jun 2014
The European Shippers Council signaled its broad support for China’s rejection of an application by Maersk Line, Mediterranean Shipping Co. and CMA CGM to join forces in the P3 Network.
17 Jun 2014
China’s rejection of the P3 Network is a blow to Maersk Line, which had expected the global container ship alliance to produce large savings, analysts say.
Spot rates from Asia to Europe were up for the second straight week in the week of June 13, 2014
13 Jun 2014
Spot rates from Asia to Europe were up for the second straight week, but carriers are still looking forward to a July general rate increase.