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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).

The US’ Federal Maritime Commission yesterday extended the public comment period concerning the P3 Network Vessel Sharing Agreement.

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

It has been an interesting few days for container shipping’s planned next big thing: the P3 alliance. Late last week the alliance’s service networks were rather quietly made public via postings on at least one of the member line’s websites.

China Shipping Container Lines (CSCL) is said to be looking to join the P3 alliance, Hong Kong media quoted sources as saying.

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.

The IMO’s Maritime Safety Committee (MSC) has agreed to a restructuring of IMO’s sub-committees, reducing the number from nine to seven.

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.

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