GSF questions the EC on P3 Global Alliance

The forum has described the proposed alliance as an ‘industry game-changer’ that will fundamentally change the structure and competitive state of the global container shipping market.

The GSF has said that “it is aware that the P3 members consider that their Global Alliance falls outside the EU consortia block exemption (BER) and therefore requires a more in-depth assessment.  Accordingly, the GSF needs to be in a position to submit its views on the competition law and market impact issues that may arise from the proposed alliance”.

The purpose of the submission is to request the essential features and details of the P3, in order that the GSF will be in a position to complete its own legal analysis of the proposed agreement.  In particular, it has asked for confirmation from the competition authorities that it has commenced a formal investigation.