CMA CGM, one of the world’s largest container shipping companies, today announced that the start of P3 alliance has been pushed back until autumn 2014.
In 18 June 2013, CMA CGM, Maersk Line and MSC announced the P3 Network (P3) cooperation with the intention to start operations by mid-2014.
P3 is subject to the receipt of relevant regulatory clearances. On 24 March 2014, the U.S. Federal Maritime Commission (FMC) decided to allow the P3 Network agreement to become effective in the US.
The P3 partners continue their close cooperation with competition and maritime authorities in Europe and Asia to address questions and to explain the nature of P3.
The P3 Network a long-term operational vessel sharing agreement on the East – West trades. The overall aim with P3 is to make container liner shipping more efficient and improve service quality for the shippers due to more frequent and reliable services.