Maersk Line sees Q2 2014 start for P3 shipping alliance despite questions-Reuters


Monday, 16 Dec 2013 05:29am EST 

AP Moeller Maersk A/S:Maersk Line, a unit of AP Moeller Maersk, still expects a planned alliance with two other container shippers, MSC Mediterranean Shipping Company S.A. and CMA CGM, to be in operation in Q2 2014, despite scrutiny from regulators and opposition from rivals-Reuters.U.S. Federal Maritime Commission has communicated it would hold a summit on Dec. 17 with its European and Chinese counterparts to discuss the planned alliance.In June the parties announced they would form an alliance with the goal of being in operation in second quarter next year.The proposed alliance would consist of around 250 vessels, with about 42 percent of the capacity coming from Maersk, giving the three shipping companies a 42 percent market share on Asia-Europe and transatlantic routes. 

Company Quote

12510.0
-130.0 -1.03%
31 Jul 2014