Maersk and MSC in new major deal following death of P3

Following the Chinese rejection of the P3 alliance Maersk and MSC have entered a VSA agreement - Vessel Sharing Agreement. The deal involves 2.1 million teu.

BY RITZAU FINANS

Published: 10.07.14 at 08:48

After the major shipping alliance P3 between Maersk Line, MSC and CMA CGM passed away at the hands of the Chinese authorities Maersk Line has opted to enter a large-scale collaboration with MSC alone, says A.P. Moeller-Maersk via the stock exchange.

The deal involves a so-called Vessel Sharing Agreement, VSA, effective for 10 years and covering 185 ships for a total capacity of 2.1 million teu.

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