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P3 Alliance and Its Implications on Contestability in Major Gateway Ports in North America

机译：P3联盟及其对北美主要门户港口可竞争性的影响

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摘要

The P3 Alliance consists of the three biggest container shipping lines in the world. Together, Maersk Line, Mediterranean Shipping Company (MSC), and CMA CGM will command a combined market share of 36.4 percent of the world's active shipping capacity. Major gateway container ports in North America play a crucial role in serving the largest economy in the world and respective hinterlands that are embedded within. As such, the article aims to examine the impact of the P3 Alliance and its implications on contest-ability in the major gateway container ports in North America. Our analysis contends that the alliance should not be a cause of concern for the key ports of Los Angeles and Long Beach on the West Coast of the United States as the combined market share in terms of shipping capacity supplied matches up to existing capacity supplied by the largest of the other shipping alliances. However, the significantly higher market share for shipping capacity deployed by the alliance at major gateway container ports on the East Coast of the United States and stakeholding by Maersk Line's sister company APM Terminals and MSC's subsidiary Terminals Investment Limited in some of the ports could raise concerns for potential abuse of market power.
机译：P3联盟由全球三大集装箱运输公司组成。马士基航运公司，地中海航运公司（MSC）和CMA CGM将共同占据全球活跃航运能力的36.4％的市场份额。北美主要的门户集装箱港口在为世界上最大的经济体以及其中所隐含的腹地提供服务方面发挥着至关重要的作用。因此，本文旨在研究P3联盟的影响及其对北美主要门户集装箱港口的竞争能力的影响。我们的分析认为，同盟关系不应该引起美国西海岸洛杉矶和长滩等主要港口的关注，因为按运输能力计算的总市场份额应与按运输能力提供的现有能力相匹配。其他最大的航运联盟。但是，联盟在美国东海岸主要门户集装箱港口部署的运输能力的市场份额显着提高，而马士基航运公司的姊妹公司APM Terminals和MSC的子公司Terminals Investment Limited在某些港口的持股比例可能引发担忧可能滥用市场支配力。

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