A part of Watch Media

ShippingWatchMonday30 January 2023

  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Search
  • Log in
  • Latest
  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
23/12/2013at 12:06

Washington summit could become annual event

The summit in Washington on December 17th about the global container industry was such a success that FMC Chairman Mario Cordero tells ShippingWatch that the meeting could become an annual event.
BY TOMAS KRISTIANSEN

The global container industry may have to get used to a closer, more direct cooperation between the competition authorities of the world's three superpowers through fixed "summits."

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

At any rate the Chairman of the US authority FMC, the Federal Maritime Commission, Mario Cordero, tells ShippingWatch in a comment that the meeting between the FMC and the competition authorities of China and the EU was such a success that the summit might become an annual fixture. The meeting, held in Washington, DC, on December 17th, marked a historical event as it was allegedly the first meeting between the three parties at such a high level.

The occasion for the summit was the planned P3 collaboration between Maersk Line, MSC, and CMA CGM, but the meeting dealt just as much with international container transport in general. Since the Federal Maritime Commission initiated the remarkable meeting in Washington the carriers in the so-called G6 alliance have announced plans of an expanded and more comprehensive cooperation to and from - especially - the United States.

New talks underway

"It was a valuable meeting where we had a good dialog about cross board container transport in the world today. This led to a very good understanding of how the systems work in the various parts of the world, and it could be the beginning of an annual dialog, though we're not committing to anything yet at this point," Mario Cordero tells ShippingWatch.

The FMC Chairman invited his colleagues to the meeting back in October to discuss the giant alliance, as he and other FMC members were starting to worry about the prospects of the extensive collaboration between the three largest container carriers. Just prior to the meeting the FMC closed a period of receiving comments from competitors and other players, who voiced either their approval or disapproval of the collaboration. The shipping companies are now holding the ball, as they have to answer and comment on the submitted questions.

The process is becoming increasingly protracted. Most recently Chief Trade & Marketing Officer at Maersk Line, Vincent Clerc, stated that the launch of P3, which will be headquartered in London, will likely take place late in the 2nd quarter 2014. Till now the carriers have worked with a planned launch in the 2nd quarter 2014.

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

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

This is the P3 alliance's best argument

US postpones launch of new Maersk P3-alliance 

Related articles:

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

  • This is the P3 alliance's best argument

    For subscribers

  • Photo: Maersk Line

    US postpones launch of new Maersk P3-alliance

    For subscribers

Sign up for our newsletter

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

!
Newsletter terms

Front page now

Foto: borja suarez
Container

Police finds 4.5 tonnes of cocaine aboard freighter at Canary Islands

Cocaine for an estimated value of EUR 105m have been seized from a vessel that was heading for the Middle East.
  • Large cocaine volumes found aboard MSC vessel following false bomb threat
  • Media: MSC is infiltrated by drug cartel – carrier denies allegations
Foto: Höegh Autoliners
Carriers

Car carriers have rarely seen such profits: "We are probably at an all-time high"

For subscribers

Foto: Markus Scholz/AP/Ritzau Scanpix
Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

For subscribers

Foto: Ints Kalnins/Reuters/Ritzau Scanpix/REUTERS / X02120
Tanker

Fredriksen now owns nearly as many Euronav shares as the Saverys family

For subscribers

”Blue Water wants to grow – but it will be with a focus on profitable growth, and we will hold on to our strong values, unique customer focus and high level of satisfaction among both customers and personnel,” states Kurt Skov, founder and departing chair at Blue Water Shipping. | Foto: Carsten Andreasen/Ritzau Scanpix
Logistics

Blue Water founder promises future "focus on profitable growth"

For subscribers

Foto: Tatiana Meel/Reuters/Ritzau Scanpix
Regulation

EU considers capping Russian fuel prices at USD 100 a barrel

For subscribers

Further reading

Chief execs of Maersk and MSC, Vincent Clerc and Søren Toft, acknowledges that much have changed for the carriers since launching the 2M alliance. For that reason, the partnership is now ended. | Foto: Jacob Gronholt-pedersen/reuters/ritzau Scanpix og Jason Decrow/ap/ritzau Scanpix
Container

End of 2M alliance could trigger a domino effect

A new reality on freight markets and a need for fewer ties could be main reasons behind MSC and Maersk terminating their partnership. More alliance dissolutions could be coming, according to shipping analyst.

For subscribers

Foto: Markus Scholz/AP/Ritzau Scanpix
Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Hamburg Süd will lose its company name and gradually be integrated into the Maersk brand. A number of other subsidiaries face rebranding as well.

For subscribers

”To understand the reasoning behind our decision, it’s important to understand how our current strategy is very different compared to 2015. We now have an integrator strategy,” says Johan Sigsgaard, Chief Product Officer - Ocean at Maersk. | Foto: Maersk
Container

Johan Sigsgaard: Maersk has no ambitions of entering new major alliance

Maersk needs more independence than what participation in the 2M alliance allows for, and the carrier therefore has no intentions of forming a new major box alliance, says Ocean CPO Johan Sigsgaard.

For subscribers

Latest news

  • Police finds 4.5 tonnes of cocaine aboard freighter at Canary Islands – 07:55
  • Blue Water founder promises future "focus on profitable growth" – 27 Jan
  • Borr Drilling raises USD 400m to pay off debt – 27 Jan
  • Income for ice class tankers has surged by 1,644 percent following sanctions – 27 Jan
  • Floating power station to provide energy for one million Ukrainians – 27 Jan
  • Maersk rebrands Hamburg Süd and several other well-known subsidiaries – 27 Jan
  • Car carriers have rarely seen such profits: "We are probably at an all-time high" – 27 Jan
  • Fredriksen now owns nearly as many Euronav shares as the Saverys family – 27 Jan
  • EU considers capping Russian fuel prices at USD 100 a barrel – 27 Jan
  • New partnership to investigate potential human rights abuse at sea – 27 Jan
See all

Jobs

  • Foundation Package Manager - Offshore wind industry

  • Financial Controller for International Shipping Company

  • Copenhagen Shipping Company is hiring a skilled cargo broker

  • Senior Lead, Human Sustainability at Sea

  • Junior Finance Business Partner - offshore wind industry

  • Chartering Manager for Lauritzen Bulkers A/S

Jobs

  • Foundation Package Manager - Offshore wind industry

  • Financial Controller for International Shipping Company

  • Copenhagen Shipping Company is hiring a skilled cargo broker

  • Senior Lead, Human Sustainability at Sea

  • Junior Finance Business Partner - offshore wind industry

  • Chartering Manager for Lauritzen Bulkers A/S

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

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