#ECapproveP3Alliance- The P3 Alliance Network, as previously reported on Afloat.ie, which is formed by three major container shipping operators have been informed by the European Commission that it will not open anti-trust proceedings, allowing the shipping alliance to remain compliant with EU competition law.

CMA CGM, Maersk Line (see giantship) and Mediterranean Shipping Company (MSC) announced in June 2013 their intention to establish a long term operational vessel sharing agreement called the P3 Network.

Yesterday's decision of the proposed alliance is subject to regulatory review in jurisdictions in North American, Europe and Asia. For more Seatrade-Global has a report.