As a preffered world wide shipping agent, ETC International Freight Forwarding Systems shares the following article:

The P3 Network will not be implemented following decision by the Ministry of Commerce (MOFCOM) in China

Maerks Announcement

17-Jun-2014

Today, the Chinese Ministry of Commerce (MOFCOM) announced that they have not approved the P3 Network (P3). P3 was a long-term operational vessel sharing agreement proposed by MSC, CMA CGM, and Maersk Line. 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.

“In Maersk Line we have worked hard to address the Chinese questions and concerns. So of course it is a disappointment. P3 would have provided Maersk Line with a more efficient
network and our customers with a better product. We are committed to continuing to be cost competitive and offer reliable services,” says Vincent Clerc, Chief Trade and Marketing Officer, Maersk Line.

Maersk Line has served China with reliable liner shipping for more than 80 years and remains dedicated to cooperate closely with the Chinese authorities and serve our customers.

“The decision does come as a surprise to us, of course, as the partners have worked hard to address all the regulators’ concerns. The P3 alliance would have enabled Maersk Line to make
further reductions in cost and CO2 emissions and not least improve its services to its customers with a more efficient vessel network. Nevertheless, I’m quite confident Maersk Line will accomplish those improvements anyway. It has delivered on those improvements over the last five quarters in the absence of P3 and I’m confident it will continue to do so,” says Group CEO Nils S. Andersen.

The lack of implementation of the P3 Network will have no material impact on the Maersk Group’s expected result for 2014.

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World Wide Shipping Agents & Air Freight Shipments

Any cargo tendered to the airlines is subjected to a gross weight verification, which if any higher than what was declared would be corrected to meet the new found weight by the airlines & International Air Transportation Association (IATA) agents. As world wide shipping agents we remind you that the 3 dimensions (L x W x H) per item will give the airlines & the forwarders, the agents the volume (dimensional) weight of your shipment diferent from the weight on the scale (gross weight). The formula to know if your volume weight exceeeds the gross weight is a follow: Multiply the length, width & height of your shipment in inches to obtain your cubic inches and divide the result by 166 to get your volume weight in pounds or 366 to get your volume weight in kilograms. Airlines base their charges on whichever weight is greater. To convert your pounds into kilograms, divide by 2.2046

Air Cargo Height Restrictions

Passenger airplane Maximum height: 64 inches
Cargo Airplane Maximum height: 96 inches
To calculate air freight volume L x W x H in inches divided by 366 = weight in kilograms

Air Freight Import and Export by ETC International Freight System

We are a world wide shipping agent and IATA licensed since 1984, having rate agreements with all major airlines in North America & coupled with similar agreements signed by our overseas associates, enhancing our competitive edge. Whether choosing our most economical service via our scheduled weekly consolidations, direct daily service for your most urgent orders, or, a door to door service exclusively handled through our network of established freight agencies, ETC Intl Freight System has your suited service ready for takeoff.

Enhance partnership with our customers with tracking of your shipments with the airlines around the world & proof of delivery (POD) from our overseas agents. ETC Intl. Freight System’s consolidated rates are designed especially to keep prices aggressively low. ETC Intl. Freight System’s interactive web-based tracking system gives you the added confidence of knowing the precise location of your cargo.