mofcom

Hong Kong shippers back China’s P3 move

The Hong Kong Shippers' Council has thrown its weight behind the Chinese Ministry of Commerce's (MOFCOM's) decision to ban the planned P3 consortium by Maersk, CMA CGM and MSC. In a statement published tghe day after MOFCOM's announcement, it said that it welcomed the move, arguing that, with 90% of exports under FOB terms, the choice of carrier from its territory was in the hands of overseas buyers. “Consequently, shipping ... [+]