News / Delayed P3 alliance launch provides some breathing space for boxship owners

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Still awaiting regulatory approval from China, the EU and other jurisdictions, the world’s three biggest container lines have pushed back the launch of their vessel-sharing P3 network until the autumn.

This second postponement of the Maersk/MSC/CMA CGM co-operation, which when it was unveiled in June 2013 targeted a start this month, brings a welcome if temporary respite to the beleaguered boxship charter market.

The confirmation was contained in AP Møller-Maersk’s first-quarter 2014 report, published yesterday morning, and was later confirmed by French ...