(Janet Porter – Lloyd’s Loading List)
Ocean Three, the newest alliance of container lines to take shape, will have an estimated market share of the Asia-North American trades of just under 13%.
In a detailed breakdown of the services that CMA CGM, China Shipping and United Arab Shipping Co will offer under their Ocean Three partnership, the trio’s calculation of its trade share explains why they have filed with the Federal Maritime Commission under the low market share provision that permits smaller alliances to escape an in depth review.
Ocean Three will have a larger share of the Asia-Europe trades, with its slice put at 20%. That is still well within the European Commission’s threshold for a consortium’s block exemption from competition rules. Read more here.