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.

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