Proposed P3 Alliance Among Carriers Causes Concern With Shippers and Regulators

Image via Flickr by storyvillegirl

The three largest shipping lines, Maersk, MSC and CMA CGM, are proposing an alliance known as the P3 Network Vessel Sharing Agreement. This agreement would allow the three companies to share vessels, port space, and resources in the world’s three largest shipping routes: Asia to Europe, trans-Atlantic, and trans-Pacific. Though the companies are moving forward with plans to enact the terms of the agreement, U.S., European, and Chinese trade regulations agencies are not yet ready to sign off on the agreement.

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