Non-implementation Of P3 Network Will Have No impact On India
India will hardly be impacted by the planned P3 network not getting implemented. The Chinese Ministry of Commerce (MOFCOM) have announced that they have not approved the P3 Network (Maersk Line, MSC and CMA CGM). The MOFCOM’s decision follows a review under China's merger control rules.
The P3 partners take note of and respect MOFCOM’s decision. Subsequently, the partners have agreed to stop the preparatory work on the P3 Network and the P3 Network as initially planned will not come into existence.
Mr. Franck Dedenis, Managing Director for Maersk Line (India and Sri Lanka), said, “P3 would have provided Maersk Line with a more efficient network and our customers with a better product, globally. However, India was never part of the P3 alliance and therefore there is no impact to our operations here. We are committed to being cost competitive and will continue to offer reliable services to this market.
“Most of the direct & transshipment services to and from India, the MECL covering the North America and Canada, ME1, ME2 & ME3 covering North Europe and the Mediterranean, will remain unaffected by this alliance not being implemented. In addition, the recently announced Far-East Alliance linking Far-East region to Indian subcontinent will continue to give greater access to trading hubs across Asia. ,” added Mr. Dedenis.