On 18 June 2013, CMA CGM, Maersk Line and MSC announced the P3 Network (P3) cooperation with the intention to start operations by mid-2014, the French shipping company said in its press release.
P3 is subject to the receipt of relevant regulatory clearances. 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.
CMA CGM now expects P3 to start operations in the Autumn 2014.
About P3:
On 18 June 2013, CMA CGM, Maersk Line, and MSC Mediterranean Shipping Company S.A. announced their intention to establish a long-term operational vessel sharing agreement on the East – West trades, called the P3 Network (P3). The overall aim with P3 is to make container liner shipping more efficient and improve service quality for the shippers - our customers - due to more frequent and reliable services.
About CMA CGM:
CMA CGM, founded and led by Jacques R. Saadé is the world’s third largest container shipping company and has an estimated turnover of 16 billion USD in 2013. Operating a fleet of 428 vessels, the Group serves more than 400 ports around the world. In 2013, the Group carried 11.4 million TEUs (twenty-foot equivalent units). With a presence on every continent and in 150 countries through its network of 650 agencies and branch offices, the Group employs more than 18,000 people worldwide and 2,400 in its headquarter in Marseilles.