Maersk Line, MSC and CMA CGM, the three lines hoping to form the groundbreaking P3 alliance, are all under investigation and subject to legal proceedings for price fixing by the European Commission (EC).
AP Moller-Maersk Group has affirmed that there will be no commercial cooperation among its P3 Network alliance members to dominate the container shipping market share, amid concerns raised on potentially breaching competition law and compromising the spirit of free trade
China International Marine Containers (CIMC) leasing unit CIMC FL (HK) seems to be well on its way to setting up a cosy arrangement with Mediterranean Shipping Company (MSC) for the sale and leaseback of their series of 8,800 teu container vessels from various yards around China.
DP World has opened the extension of its flagship Jebel Ali terminal with the arrival of 14,000 teu boxship MSC La Spezia.
The announcement of the container shipping alliance P3 Network between Maersk Line, CMA CGM and Mediterranean Shipping Co (MSC) is one that could truly warrant the tag of being a “game changer”.
Carriers’ plans to “dump” 8,000teu boxships into Asia-South America routes have “seriously backfired”, says Drewry.