P3 Network vessel-sharing agreement now expected to begin this fall

The much anticipated P3 Network vessel-sharing agreement, whose objective is to give ocean carrier heavyweights Maersk, MSC, and CMA CGM the ability to discuss and agree on the size, number and operational characteristics of vessels to be operated on transatlantic and transpacific trade lanes between the U.S. and Asia, North Europe and the Mediterranean, will be getting a later start than originally thought.

Originally established in June 2013, P3 had the intention of kicking off operations by the middle of this year. But CMA CGM officials said in a statement that operations are now expected to commence this fall.

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