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Maersk Group: Suez expansion was necessary

The expansion of the Suez Canal is necessary if the Canal is to be able to handle the global trade of the future, says top management at Maersk Group.

Photo: Maersk Drilling

Although the calculations on how much the Suez Canal will pad the Egyptian state budget are presumably somewhat exaggerated, the Canal's largest customer, Danish Maersk Group, is still overjoyed that the project is now completed.

That this could happen in just one year, as decreed by President Sisi, was indeed a surprise to Claus V. Hemmingsen, member of the Executive Board at Maersk and the group's representative at the opening ceremony on Thursday.

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