Cosco's stake in Italian terminal to secure contracts for APM Terminals
Originally, China's Cosco was not meant to have a big owner's share of APM Terminals' new, large container terminal in Italy. But without the deal, it was not certain that the company would have become a customer, says the latter's CEO Morten Engelstoft, who expects more similar deals.
A new collaboration on a major Italian terminal with Chinese competitor Cosco is to send more business from the company into the arms of Maersk's port division, APM Terminals.
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