A part of Watch Media

ShippingWatchTuesday7 February 2023

  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Search
  • Log in
  • Latest
  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
18/12/2013at 12:01

Maersk Line: P3 to be launched last part of 2Q 2014

Yesterday´s summit between the competition authorities of the USA, EU and China has not changed P3´s confidence in a "Yes" to the alliance. Launch is now expected to happen in the "last part of second quarter 2014," Maersk Line tells ShippingWatch.
by TOMAS KRISTIANSEN

As the largest stakeholder in the giant P3-alliance, Maersk Line maintains the schedule for the launch of the alliance. Yesterday´s meeting in at the Federal Maritime Commission (FMC) in Washington and the request to prolong the process with FMC has not changed that.

This is how Chief Trade & Marketing Officer at Maersk Line, Vincent Clerc, comments on the "summit" held in the American capital between competition authorities from EU, the USA and China.

Do you want to stay up to date on the latest developments in International shipping? Subscribe to our newsletter – the first 40 days are free

The P3-alliance between Maersk Line, MSC og CMA CGM will be launched in the second quarter 2014 although things indicate that the launch will probably happen in the summer rather than during the spring of next year.

Late second quarter

"There is no reason for us to change that date. The process is developing as expected and we are confident to receive an approval of the alliance for the cooperation to be launched in second quarter next year, perhaps during the last part of the quarter," says Vincent Clerc.

The meeting in Washington was set up by the FMC, which called for the parties to examine the impact and the consequences of the P3-alliance to customers and world trade but also to examine the impact of alliances in general.

"On the basis of what has been sent out from the meeting, I believe it is positive and highly relevant for the authorities to cooperate and examine cross-boarder trade. Regarding the review of P3 we are dealing with sovereign states meaning that we contribute with what we are requested to do," Vincent Clerc states.

Weekly briefing

The three carriers have recently submitted comments to the Chinese Ministry of Trade, just as they have answered questions from the FMC. The American authorities have received comments from a variety of industry stakeholders. Some of these have raised concerns about the impact of the P3-alliance, some believe the alliance will benefit productivity and service.

Alongside the approval process with the authorities, P3 is engaged in establishing the organization to be located in London which has been named as headquarter for the alliance. Lars Mikael Jensen of Maersk Line has been appointed CEO and is working to find the staff members for the P3-operations. Once a week, the three carriers involved in P3 are briefed on the development.

The London HQ will house 200 staff members.

Do you want to stay up to date on the latest developments in International shipping? Subscribe to our newsletter – the first 40 days are free

P3 summit ended without conclusions 

Maersk Line: P3 has no plans to sail faster 

Analysts: P3 will dictate the Maersk share in 2014 

Why shippers are worried about P3 

Related articles:

  • P3 summit ended without conclusions

    For subscribers

  • Photo: Wärtsila

    Maersk Line: P3 has no plans to sail faster

    For subscribers

  • Photo: Wärtsila

    Analysts: P3 will dictate the Maersk share in 2014

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Maersk CEO Vincent Clerc (left) and MSC CEO Søren Toft are following very different strategic directions. | Foto: Jacob Gronholt-pedersen/reuters/ritzau Scanpix og Jason Decrow/ap/ritzau Scanpix
Container

Maersk could be heading for a price war with MSC

After a profit of historic proportions in 2022, Maersk is facing a new reality this year, entailing a potential price war unleashed by the carrier’s partner in the disbanded 2M alliance, MSC, predicts Drewry.
  • Opinion: Maersk and MSC heading for direct confrontation over customers
  • Drewry director eyes one central weakness in Maersk's strategy

For subscribers

Krisen på fragtmarkedet styrker DSV's position i forhold til rederierne: ”I og med at vi er en af de store aftagere af søfragt, har vi også et samarbejde med rederierne, som er strategisk og forankret i direktionen,” siger DSV's topchef, Jens Bjørn Andersen. | Foto: Lars Krabbe/Foto: Lars Krabbe/Ritzau Scanpix
Logistics

DSV to support box carriers that provided help during Covid chaos

For subscribers

Foto: Rebecca Naden
Tanker

Countdown to clash over Euronav's board composition has begun

For subscribers

Maersk is heading for its second record profit, setting a new benchmark in Danish business history. | Foto: Jonas Walzberg/AP/Ritzau Scanpix
Container

Maersk on track to achieve record profit for second consecutive year

For subscribers

Foto: Sund & Bælt
Offshore

Danish authorities suspending 23GW of offshore wind projects

For subscribers

Foto: Casper Dalhoff / Ritzau Scanpix
Container

Maersk redirects traffic following earthquake

For subscribers

Further reading

Foto: Magnus Møller
Featured

Eitzen son wants to electrify shipping as new CEO of Christiania Shipping

New Christiania Shipping CEO Fridtjof C. Eitzen maintains that acquisitions are on hold after a record year. The 36-year-old marine engineer, fifth generation in the Eitzen dynasty, wants to electrify shipping.

For subscribers

Maersk CEO Vincent Clerc (left) and MSC CEO Søren Toft are following very different strategic directions. | Foto: Jacob Gronholt-pedersen/reuters/ritzau Scanpix og Jason Decrow/ap/ritzau Scanpix
Container

Maersk could be heading for a price war with MSC

After a profit of historic proportions in 2022, Maersk is facing a new reality this year, entailing a potential price war unleashed by the carrier’s partner in the disbanded 2M alliance, MSC, predicts Drewry.

For subscribers

Maersk is heading for its second record profit, setting a new benchmark in Danish business history. | Foto: Jonas Walzberg/AP/Ritzau Scanpix
Container

Maersk on track to achieve record profit for second consecutive year

Wednesday, Maersk will probably announce a financial result for the Danish business history annals. Shareholders face dividends of USD 11.2bn, one analyst estimates.

For subscribers

Jobs

  • Vessel Manager Marine and QA

  • Senior Financial Controller

  • Foundation Package Manager - Offshore wind industry

  • Ambitious employee for Shipping office wanted

  • Fleet Manager

  • Chartering Manager for Lauritzen Bulkers A/S

  • Commercial Contract Manager for the Offshore Wind Industry

  • Copenhagen Shipping Company is hiring a skilled cargo broker

  • Head of P2X Marketing and Sales (m/f/d)

See all jobs

Latest news

  • DSV to support box carriers that provided help during Covid chaos – 15:56
  • More tankers embark on illicit sailings following embargo on Russian oil – 15:33
  • Monjasa to provide green ammonia through new collaboration – 15:27
  • Countdown to clash over Euronav's board composition has begun – 15:17
  • New major port project underway in the Baltic Sea region – 15:05
  • Bank DNB sees box market reach record lows in coming years – 14:24
  • Maersk on track to achieve record profit for second consecutive year – 13:32
  • Maersk could be heading for a price war with MSC – 12:53
  • Oil prices extend gains following earthquake and Chinese demand rebound – 10:25
  • Maersk redirects traffic following earthquake – 08:52
See all

Jobs

  • Vessel Manager Marine and QA

  • Senior Financial Controller

  • Foundation Package Manager - Offshore wind industry

  • Ambitious employee for Shipping office wanted

  • Fleet Manager

  • Chartering Manager for Lauritzen Bulkers A/S

  • Commercial Contract Manager for the Offshore Wind Industry

  • Copenhagen Shipping Company is hiring a skilled cargo broker

  • Head of P2X Marketing and Sales (m/f/d)

See all jobs

Colophon

ShippingWatch
Search

Sections

  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
  • Sitemap
  • RSS feeds

Editor

Tomas Kristiansen

tk@shippingwatch.dk

Tel.: +45 3330 8360

  • About ShippingWatch

Editor-in-chief

Anders Heering

Publisher

JP/Politiken Media Group Ltd

Advertising

annoncering@infowatch.dk

Tel.: +45 7077 7445

Advertising

Job Advertising

job@infowatch.dk

Tel.: +45 7077 7445

Jobs

Subscription

Try ShippingWatch or get an offer for a subscription meeting the exact needs of you or your company.

shippingwatch@infowatch.dk

Tel.: +45 7077 7445

Learn more about subscriptions here

Address

ShippingWatch

Rådhuspladsen 37

1785 Copenhagen K, Denmark

Tel.: +45 3330 8360

Guidelines

  • Privacy Policy

Copyright © ShippingWatch — All rights reserved

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
ShippingWatch

Google ChromeMozilla FirefoxMicrosoft Edge