European Commission paves the way free for P3
P3 Network: CMA CGM, Maersk Line and Mediterranean Shipping Line (MSC) are pleased with the European Commision affirmation
On 3 June 2014, the European Commission informed the partners of P3 that the Commission will not open proceedings in connection with their network. The Commission will follow P3 to ensure it remains in compliance with EU competition law.
The P3 partners are pleased the Commission’s communication. The partners will now continue their close cooperation with competition and maritime authorities in amongst others China and South Korea to address questions and to explain the nature of P3. On 24 March 2014, the U.S. Federal Maritime Commission (FMC) decided to allow the P3 Network agreement to become effective in the US.
On 18 June 2013, CMA CGM, Maersk Line, and MSC Mediterranean Shipping Company S.A. announced their intention to establish a long-term operational vessel sharing agreement on the East – West trades, called the P3 Network (P3). The overall aim with P3 is to make container liner shipping more efficient and improve service quality for the shippers – their customers – due to more frequent and reliable services.
P3 benefits include operational efficiencies due to improved port productivity, network optimization and cargo consolidation, more direct services due to more port pair connections, increased flexibility due to the combined capacity together with cost savings and environmental benefits. P3 will operate a capacity of 2.6 million TEU on three trade lanes: Asia – Europe, Trans-Pacific and Trans-Atlantic.
P3 will be an operational, not a commercial, cooperation. The P3 Network vessels will be operated independently by an independent vessel operating centre. The three partners will remain competitors with fully independent sales, marketing and customer service functions and pricing policies. Subject to the receipt of all relevant regulatory clearances (and the fulfilment of other conditions for completion), P3 is scheduled to start operations in the autumn of 2014.
www.lloydslist.com/ll/topic/p3-network
Quelle: LogEastics
Portal: www.logistik-express.com
