AP Moeller - Maersk A/S' Maersk Line to Establish Operational Alliance and Joint Vessel Operating Centre with MSC Mediterranean Shipping Company S.A. and CMA CGM
Maersk Line, a business unit within AP Moeller - Maersk A/S, announced that Maersk Line, MSC Mediterranean Shipping Company S.A. and CMA CGM have in principle agreed to establish a long-term operational alliance on East – West trades, called the P3 Network. The aim is to improve and optimise operations and service offerings. The P3 Network will operate a capacity of 2.6 million TEU (initially 255 vessels on 29 loops) on three trade lanes: Asia – Europe, Trans-Pacific and Trans-Atlantic. While the P3 Network vessels will be operated independently by a joint vessel operating centre, the three lines will continue to have fully independent sales, marketing and customer service functions. The lines intend to start operations in the Q2 of 2014, but the starting date will be subject to obtaining the approval of relevant competition and other regulatory authorities.
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