P3 Network

P3 Network

Maersk Line, Mediterranean Shipping Co. and CMA CGM in 2013 announced plans to form a long-term alliance on the major east-west trades. That proposed alliance has now been scrapped, as China rejected the carriers’ application.


The P3 Network alliance would have operated a fleet of 255 ships with a total capacity of 2.6 million 20-foot-equivalent units on 28 service loops on Asia-Europe, trans-Pacific and trans-Atlantic routes.


The world’s three largest ocean carriers originally planned to launch the network in July 2014, subject to regulatory approval, but later postponed the planned launch until the fall.

28 Aug 2014
Maersk Line and Mediterranean Shipping Co. could eventually operate ships of up to 19,200-TEUs on east-west trades that touch the U.S., within their planned “2M” vessel-sharing agreement, according to a filing with the U.S. Federal Maritime Commission.
17 Jun 2014
The decision today by the world’s three biggest container lines to scrap plans to implement the P3 Network this fall is likely to boost container traffic through the Panama Canal.
17 Jun 2014
The three carriers of the now-defunct P3 Network said today that they will continue to push for improvements in container shipping efficiency and quality of service despite the shocking news this morning that their proposed mega-alliance was rejected by Chinese antitrust authorities.
17 Jun 2014
The rejection of the P3 shows how dominant the world’s largest carriers were set to become if their proposed mega-alliance took effect.
17 Jun 2014
The European Shippers Council signaled its broad support for China’s rejection of an application by Maersk Line, Mediterranean Shipping Co. and CMA CGM to join forces in the P3 Network.
17 Jun 2014
LONDON — Europe’s major ocean carriers, ports and shippers are urgently rethinking their business strategies following th
17 Jun 2014
China’s rejection of the P3 Network is a blow to Maersk Line, which had expected the global container ship alliance to produce large savings, analysts say.
17 Jun 2014
The P3 Network has been scrapped after China’s Ministry of Commerce today turned down the vessel-sharing agreement proposed by the world’s top three carriers, Maersk Line, Mediterranean Shipping Co. and CMA CGM.
09 Jun 2014
Efforts by Maersk, CMA CGM and Mediterranean Shipping Co. to obtain approval of their proposed P3 Network have focused on the U.S., Europe and China. But with the U.S. and Europe having given thumbs up to the largest-ever carrier alliance, another country with a say in the issue — South Korea — has entered the fray late in the game as a potential obstacle.
06 Jun 2014
Despite recent improvements, global container lines’ schedule reliability and on-time container delivery have been worse every month so far this year versus last year.
06 Jun 2014
The largest group of ocean container shippers is urging European regulators to keep a close eye on the three carriers involved in the P3 Network to make sure they don’t abuse their “unprecedented market power.”
03 Jun 2014
The European Commission said today it hasn’t found any anti-competitive issues with the proposed P3 Network...