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Drewry: P3 forces rivals to increase fuel consumption

Maersk Line, MSC, and CMA CGM will increase the ships' speed in the P3 alliance, thus forcing less efficient rivals to increase their fuel costs.

Photo: SØLBECK CHRIST

If the competition authorities in the United States, China, and the EU approve the P3 alliance with Maersk Line, MSC, and CMA CGM from the 2nd quarter 2014, the three container carriers will either maintain or increase the speed of their ships, thus increasing the pressure on the competition, whose latest financial results seem to point to slow steaming as a more natural and accessible path, says analysts Drewry in its newsletter Container Insight Weekly.

The P3 ships' speed from Asia to Northern Europe will reach an average of 19.5 knots, while the ships will increase the speed a little on the way back as well, from 14.4 knots to 14.7 knots.

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