Plans for three of the world’s largest container shipping firms to form an alliance to share vessels on routes between Europe, Asia and America have lead to concerns that shipping costs for recyclable waste could increase.

The P3 Alliance has been criticized by the Global Shippers Forum – the trade body for the international shipping industry – which has claimed that the arrangement could drive up container prices and see some smaller operators driven out of business.

The GSF has applied to the European Commission’s Competition Directorate to further scrutinize the agreement. Meanwhile, the FMC has stated that it will monitor the Alliance closely to ensure that it does not break any competition laws.

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