P3 becomes 2M as Maersk and MSC sign new deal

MSC Mediterranean Shipping Company has signed a ten-year vessel sharing agreement (VSA) with Maersk Line on the three main east-west trade lanes: Asia-Europe, Trans-Pacific and Trans-Atlantic. It will be known as 2M and will provide about 185 vessels operating 21 strings, with around 2.1 million teu total capacity. It comes in the wake of the Chinese authorities' decision in June not to allow the P3 alliance between MSC, Maersk and CMA CGM ... [+]

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 ... [+]

Updated: China scuppers P3 deal

  Maersk, CMA CGM and MSC have abandoned plans to set up a global P3 alliance after a shock announcement by China's ministry of commerce that it would not sanction the deal, on 17 June. The announcement comes as a blow to the three operators, who had expected Beijing to follow ... [+]

Updated: P3 Alliance clears Brussels hurdle

The P3 Network alliance between CMA CGM, MSC and Maersk Line has passed an important hurdle – approval by the European Commission. In the European Union (EU), the P3 Network – which had already got the green light from the Federal Maritime Commission in the US in March - was ... [+]

Autumn start for P3

CMA CGM, Maersk Line and MSC say that they expect their P3 operational alliance to start in Autumn this year. In a statement published on 21 May, the lines said that they were continuing their close cooperation with competition and maritime authorities in Europe and Asia to address questions and ... [+]

Updated US OKs P3 agreement – but with safeguards

The Federal Maritime Commission (FMC) has approved the proposed P3 vessel sharing agreement between Maersk, CMA CGM and MSC. It said that the agreement was not likely at this time to lead to reduction in competition or produce an unreasonable increase in transportation cost or reduction in service. It would, in ... [+]

UPDATED: FMC delays P3 plan

The US Federal Maritime Commission asked for additional information about the proposed P3 shipping alliance on 5 December. It said the move would delay introduction of the proposed agreement – should mit ultimately be approved because a new 45-day regulatory review period will begin. It followed a request by the Global ... [+]

Alliances could control four fifths of some trades, warns ESC

The European Shippers' Council (ESC) said that the two major shipping alliances – the G6, which announced in early December that it will expand its cooperation to the transatlantic and Asia-North America West Coast and trade lanes and the planned P3 cooperation between Maersk, MSC and CMA CGM would have ... [+]

Global Shippers’ Forum has more questions about P3

The Global Shippers’ Forum (GSF) tabled a series of questions about the mooted P3 Global Alliance with US Federal Maritime Commission on 26 November. It came in response to a request for further public comment on the planned agreement between between Maersk Line, CMA-CGM and Mediterranean Shipping Company (MSC). GSF secretary ... [+]

US regulator calls for P3 to be put under the microscope

The Federal Maritime Commission , which regulates ocean transport in the US has joined other industry groups in calling for a careful scrutiny the proposed 'P3' alliance between Maersk Line, MSC and CMA CGM. FMC chairman, Mario Cordero, has called other regulators in the European Union and China, to join ... [+]

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