The P3 Network announced between Maersk Line, Mediterranean Shipping Co. and CMA CGM will bring together portions of the three largest global container ship fleets. The alliance, which is planned for the second quarter of 2014, will enable the three carriers to deploy their largest vessels in the Asia-Europe trade and cascade slightly smaller ships into the trans-Pacific and the trans-Atlantic lanes. This infographic gives a look at how the partners' fleets - both individually and as contributed to the alliance - measure up against the global fleet.
Trade Lanes
An overview of container trade, container lines and shipping line news.
News & Analysis
19 Jun 2013
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark remained at $1,957 for a third week in the week of June 19, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. This comes less than two weeks ahead of the July 1 general rate increase.
18 Jun 2013
Hapag-Lloyd will add a direct port call at Bahrain to its South China Sea Express and Middle East Express services.
18 Jun 2013
Yusen Logistics is adding a weekly service from Ho Chi Minh, Vietnam, to Los Angeles to its LCL network.
18 Jun 2013
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.
18 Jun 2013
CMA CGM, Maersk Line and Mediterranean Shipping Co. have agreed to establish a long-term operational alliance on East–West trades.
17 Jun 2013
French carrier CMA CGM will increase rates on westbound cargo moving on its Epic service from India to North Europe and the Mediterranean, starting July 1.
17 Jun 2013
An outbreak of discipline among ocean carriers was the trigger for a 61 percent surge in spot freight rates on the Far East-Mediterranean route, according to industry consultant Drewry.
16 Jun 2013
Starting July 1, Evergreen Line will boost rates on its trade from the Far East, including Japan, and the Indian subcontinent to Europe.
16 Jun 2013
Hapag-Lloyd will boost rates for all cargo and container types in its trade from Northeast Asia to Australia, beginning July 1.
Companies in the news
Jun 5, 2013 2:00PM EDT
Commentary
Ocean Carriers’ Internal Battle