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.
A month ago, APM Terminals opened container terminal Vado Ligure in Italy. The Maersk company owns 50.1 percent of the terminal, while Cosco has received an owner's share of 40 percent and Qingdao Port International owns 9.9 percent.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.