P3 Alliance Seeking Approval from More Countries

Wednesday April 2, 2014

The planned P3 alliance is seeking approval from countries beyond the U.S., China, and the European Union (EU), industry news site ShippingWatch reports.

CMA CGM, which is working to form the alliance with Maersk Line and Mediterranean Shipping Corp. (MSC), revealed in a teleconference that P3 is working with South Korea, Vietnam, and other smaller nations to win approval.

CMA CGM's CEO, Michel Sirat, said the companies expect decisions from China and the EU within weeks.

"We expect to get the approvals within some weeks, so that we can launch the P3 collaboration before summer," he said.

"We're currently working to prepare the launch, efforts that include establishing the network center in London."

Lars Jensen, CEO of SeaIntel, said many countries have demanded the authority to approve the alliance.

U.S. authorities have already approved the alliance, but that clearance applies only to routes to and from that nation's ports.