ShippingWatch

Maersk tempers rumors of big Suez terminal investment

A number of media are reporting a new investment by Maersk in a container terminal at the Suez Canal worth USD 500m, but the liner group denies that a deal has been made final.

Photo: Stringer/Reuters/Ritzau Scanpix

A range of international media have in recent days reported that major container line Maersk has entered an agreement to invest USD 500m in an expansion of the Suez Canal Container Terminal at Port Said, Egypt.

Maersk is the majority shareholder of the terminal through APM Terminals, but the shipping group now says there has been a misunderstanding.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Sea Cargo Charter hesitates to raise climate ambitions

The climate ambitions of the Sea Cargo Charter initiative have been criticized by several members, but it seems they still don’t stand to be raised, Chair Jan Dieleman tells ShippingWatch. For over a year, the initiative has considered raising the bar.

Further reading

Related articles

Latest news

See all jobs