WORLDWIDE MARITIME NEWS (XI)

1. - MAERSK´S P3 ALLIANCE: U.S REGULATORY APPROVAL

P3 alliance has won the approval of the U.S Federal Maritime Commission (FMC)taking  a step closer to further approvals for the grouping widely opposed by Asian shippers. The FMC ruling will only apply to U.S. trades. The P3 alliance, which will have a fleet of 225 container ships totalling 2.5 million TEUs (twenty-foot-equivalent-unit containers), would operate 42 percent of the capacity on the Asia-Europe route, 24 per cent on the Transpacific and up to 42 per cent on the Transatlantic trade and could result in reduced competition on the U.S. trades. However,  transportation cost and transportation service will remain the same .  Separate approvals need to be given by the European Union and China’s Ministry of Commerce before the three partners can fully launch the P3 alliance.

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