• 3 minutes China's aggression is changing the nature of sovereignty.
  • 8 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 11 minutes Europe gas market -how it started how its going
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 9 hours Russia, Ukraine and "2022: The Year Ahead"
  • 3 hours The Fascist Dictatorship called Russia under Dictator for Life Putin
  • 2 days January 23rd - Washington D.C. and Brussels - Demonstrations Against Tyranny
  • 3 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 1 day Energy Storage Could Emerge As The Hottest Market Of 2022
  • 20 hours "Tackling One Of The Fracking Industry’s Biggest Problems" by Robert Rapier
  • 13 hours NordStream2
  • 14 hours Following the Big Money
James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

World’s Three Largest Shipping Companies to Form Alliance

The three largest shipping container operators in the world have announced that they will form an alliance that will help them to reduce fuel consumption, and improve the levels of service and operations.

Vincent Clerc, of the Danish shipping giant A.P Moller-Maersk, said that the company will begin to work with its bitter rivals, MSC Mediterranean Shipping Company S.A., and CMA CGM of France, to form what will be known as the P3 alliance.

 The alliance will form an independently operated network that boasts 255 container ships which can transport a total 2.6 million Twenty Foot Equivalent Unit (TEU) containers all around the world; between Europe and Asia, as well as across the Pacific or Atlantic Oceans. The combined network of the three operators will enable them to offer more weekly departures to customers

Related article: New US Energy Secretary will Make a Decision on LNG Exports by December

Whilst the alliance will mean that the tree companies work closely together, almost acting as one organisation, Maersk has stated that the companies will at all times remain separate, with fully independent sales, marketing, and customer service departments.

Maersk Line released a statement to explain that “declining volume growth and over-capacity in recent years have underlined the need to improve operations and efficiency in the industry;” two of the things that the container operators hope to address via this alliance.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News