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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