IN a major move to see the inception of the P3 alliance the three member carriers Maersk Line, MSC and CMA CGM have filed their proposed vessel-sharing agreement with the US Federal Maritime Commission.
Under the proposed agreement the three P3 alliance members would be able to discuss and agree on the size and number of ships to be deployed on the transatlantic and transpacific trade lanes.
The P3 network vessel-sharing agreement also includes the Asia-Europe trade, which is not subject to the Shipping Act or FMC jurisdiction and is not reflected in the agreement, reported American Shipper.
Initially, the three carriers said they would operate 130 vessels in the Asia-Europe trade, using ships ranging between 4,000 TEU and 12,250 TEU. However, the three carriers said they would be authorised to operate up to 180 vessels in the trade, each with a capacity of up to 19,200 TEU.
They also plan to operate out of their network centre in London and they would be allowed to trim down sailings during the low seasons around Christmas, Easter, the Chinese New Year, Chinese May and October bank holidays. In addition, the network centre may propose extra loaders to be added at times of high demand.
Furthermore, each carrier may propose changes to its allocation on any service by way of an exchange of slots. Provided that this would not result in a revision to the parties' capacity allocation by trade lane.
WORLD SHIPPING
01 November 2013 - 21:11
P3 members file vessel-sharing agreement with Federal Maritime Commission
IN a major move to see the inception of the P3 alliance the three member carriers Maersk Line, MSC and CMA CGM have filed their proposed vessel-sharing agreement with the US Federal Maritime Commission.
WORLD SHIPPING
01 November 2013 - 21:11
P3 members file vessel-sharing agreement with Federal Maritime Commission
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