The P3 Network announced today between Maersk Line, Mediterranean Shipping Co. and CMA CGM will have little or no impact on the glut of vessel capacity that has been depressing global freight rates, but will enable the world’s three largest container lines to substantially cut their operating costs on the Asia-Europe, trans-Pacific and trans-Atlantic trades.
Maersk Line
18 Jun 2013
CMA CGM, Maersk Line and Mediterranean Shipping Co. have agreed to establish a long-term operational alliance on East–West trades.
14 Jun 2013
A.P. Moller-Maersk will pay about $100 million less than expected for its 20 Triple E vessels ordered from South Korea’s Daewoo Shipbuilding & Marine Engineering, The Economic Times reports.
13 Jun 2013
Maersk Line will increase rates in its trade from the Middle East and Indian subcontinent to the U.S. and Canada, effective July 3.
12 Jun 2013
Maersk Line will boost rates in its trade from the Far East, excluding Japan, to the Mediterranean, starting July 1.
10 Jun 2013
Ocean carrier efforts to shed surplus 8,000 20-foot-equivalent unit ships by dumping them in the Asia-east coast South Am
07 Jun 2013
Global ocean carriers handled more than 4.2 million 20-foot-equivalent units of U.S. containerized imports in the first quarter, and the separation between the Top 2 carriers in the trade came down to two fully laden mega-ships.
07 Jun 2013
The first of Maersk’s 20-strong Triple E vessels is currently undergoing sea trials in Korea.
06 Jun 2013
Jefferies Group has predicted that Maersk Line may report losses at the end of this year, as the container line’s proposed freight rate increases have been failing.
05 Jun 2013
Maersk Line will add a port call at Khor Fakkan, United Arab Emirates, to its ME2 service.
04 Jun 2013
Maersk Line, Mediterranean Shipping Co.
30 May 2013
The Port of Busan is taking the significant threat and competition for Asian transshipment cargo about as serious as a port can, and responding aggressively by boosting capacity and facilities.
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Jun 5, 2013 2:00PM EDT