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Maersk Line, MSC and CMA CGM establish new liner alliance

Date: 10/07/2013

CMA CGM, Maersk Line and MSC Mediterranean Shipping Company SA have agreed to establish a long-term operational alliance on East – West trades, called the P3 Network. The aim is to improve and optimize operations and service offerings.

The P3 Network will operate initially 255 vessels on 29 loops on three trade lanes: Asia – Europe, Trans-Pacific and Trans-Atlantic.  The P3 Network vessels will be operated independently by a joint vessel operating center, the Partners will continue to have fully independent sales, customer service and marketing functions. Vessels committed to the P3 Network will continue to be owned / chartered and funded by the Partners.

The joint vessel operating center will operate an expected capacity of around 2.6 million TEU of which Maersk Line is expected to contribute with 1.1 million TEU. MSC and CMA CGM will contribute with approximately 35% and 23% of the capacity respectively.

The P3 Network is expected to provide customers with an improved service offering in terms of a better coverage, improved frequency and higher network stability. P3 will create value by allowing Partners to operate with larger vessels while improving utilization. This will lead to significant environmental benefits from reduced bunker consumption.

The lines intend to start operations in the 2nd quarter of 2014, but the starting date will be subject to obtaining the approval of relevant competition and other regulatory authorities. 

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