Mega-Alliance between MAERSK, MSC and CMA CGM

By Curious

The container shipping entity of Danish shipping industry and oil group A.P. Moller-Maersk has entered into a brand-new alliance with its 2 biggest rivals CMA CGM and to Mediterranean Shipping Company S.A. in order to enhance operations and services.

The 3 biggest container shipping companies in the world measured on capacity, intend to start operations in the 2nd quarter of 2014, depending on regulatory approvals, according to the statement of Maersk Line.

The mega alliance, the P3, is going to be an independently operated network, which is consisted of 255 ships with a total capacity of 2,6 million TEUs, and is going to be serving the Asia-Europe, Transpacific, and Transatlantic (North Europe and Mediterranean) trades, reported the company.

Maersk Line, as the biggest international shipping company is going to contribute with over 100 ships.

In the statement, Maersk Line announced that alliance is lead by declining volume growth and over-capacity in recent years and this has underlined the need to enhance operations and efficiency in the industry.

The 3 international shipping companies are going to continue with their fully independent sales, marketing and customer service work.

The alliance is going to allow each of the shipping lines to offer more weekly sailings in the combined network, which they do individually. Additionally, the network is planned to offer more direct ports of call, Maersk Line told in the statement.