A.P. Møller-Mærsk A/S (AMKAF.PK,AMKBF.PK), MSC Mediterranean Shipping Company S.A. and CMA CGM S.A. (CMAE.L) announced they have agreed in principle to establish an alliance named the P3 Network.
The scope of the P3 Network is the Partner's fleet capacity deployed on the Asia-Europe, the Transpacific and the Transatlantic trades. The Partners will commit all vessels deployed on the 3 trades into a joint vessel operating center that will operate the combined fleet independently. The companies expect the P3 Network to start operations during the second quarter of 2014.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.