P3 Alliance Delayed Until Autumn 2014

Published May 21, 2014 7:48 PM by The Maritime Executive

CMA CGM has announced a delay to the start of the P3 Alliance, now due for Autumn 2014. In June last year, CMA CGM, Maersk Line and MSC announced the P3 Network cooperation with the intention to start operations by mid-2014.

P3 is subject to the receipt of relevant regulatory clearances which are still on-going. 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 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.