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Heavy Lift Across the World

P3 network receives FMC approval

March 21 - The US Federal Maritime Commission (FMC) has given the official go ahead for the P3 network, comprising Maersk, Mediterranean Shipping Co (MSC) and CMA-CGM, to become effective from March 24, 2014.

The agreement will apply to trades between the USA and Asia, North Europe and the Mediterranean and authorises the three lines to co-operate through vessel and slot sharing agreements.

An official statement from the FMC says: "The Commission's decision is based on a determination that the agreement is not likely at this time, by a reduction in competition, to produce an unreasonable increase in transportation cost or an unreasonable reduction in transportation service."

However, the commission notes that there may be circumstances that could permit the P3 agreement parties to unreasonably reduce services or unreasonably raise rates at some point in the future, which could raise concerns under section 6(g). It has directed staff to issue alternative reporting requirements to the P3 agreement parties, in order to assist the commission in its ongoing close monitoring of the agreement.

www.fmc.gov

Heavy Lift | News

ABC and CLA go online thumbnail image

ABC and CLA go online

September 18 - Bookings for capacity on AirBridgeCargo (ABC) and CargoLogicAir (CLA) flights can now be completed via the cargo.one digital platform.
Views: 168
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 232
Pasquinelli in yacht move thumbnail image

Pasquinelli in yacht move

September 17 - Pasquinelli Spa has moved a 460-ton (417.3-tonne) yacht from Chioggia to Ancona, Italy.
Views: 369

Heavy Lift Across The World

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