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NEWS FLASH - MOFCOM SAYS NO TO P3

NEWS FLASH - MOFCOM SAYS NO TO P3

It is now exactly 1 year since Maersk Line, MSC and CMA CGM announced their mutual intention to establish a long-term operational vessel sharing agreement on the East-West trade lanes.

Today the Chinese Ministry Of Commerce (MOFCOM) announced that it would not approve the P3 Network. This news will come as a huge shock to the global shipping and logistics communities.

Thus with immediate effect, the P3 partners have agreed to terminate the preparatory work for their alliance as it will not come into existence.

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