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).
CMA CGM's profit for the third quarter tumbled to $70m this year, down from $363m in Q3 2012.
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...
Trying to further reassure investors, Westports Holdings Bhd ceo Ruben Gnanalingam was quoted as saying he personally believed the market had over-reacted to the news of Westports losing volumes because of the P3 alliance.
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.
The unveiling of the P3 alliance’s planned port rotations sees the Port of Tanjung Pelepas (PTP) as the big gainer in terms of the three line’s Southeast Asian transhipment hubs on the Asia – Europe trade lane.
Bureau Veritas (BV) is to class the largest containerships ever ordered in China.
China Shipping Container Lines (CSCL) is said to be looking to join the P3 alliance, Hong Kong media quoted sources as saying.