CMA CGM said yesterday it expected the P3 Network alliance with AP Moller Maersk and Mediterranean Shipping Company to only start operating in the European autumn.
Last year, the P3 Network (P3) cooperation announced its intention to start operations by mid-2014.
Yesterday CMA CGM posted a statement saying: “P3 is subject to the receipt of relevant regulatory clearances. On 24 March 2014, the U S Federal Maritime Commission (FMC) decided to allow the P3 Network agreement to become effective in the United States. The P3 partners continue their close cooperation with competition and maritime authorities in Europe and Asia to address questions and to explain the nature of P3. CMA CGM now expects P3 to start operations in the autumn of 2014.”
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