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maersk line container shipping

Maersk Looks For Investments in China Belt And Road Initiative

November 16, 2015 12:05 am Published by

The introduction of the Belt and Road Initiative, which will lead to a lot of new infrastructure projects in the countries to the west of China, has the Maersk Group seeking opportunities to invest with Chinese companies.

We’re very keen to try to partner with Chinese companies in those new infrastructure projects … [the Belt and Road is] the only big scheme we can see where political leaders are trying to do something to develop more demand.- Chairman of Maersk China and Chief Representative of Maersk Group North Asia

Recently, APM Terminals – Maersk's container terminal operator – signed a memorandum of understanding with China’s Qingdao Port Group to jointly make an investment in a new port terminal in Vado Ligure, Italy; which is expected to be operational in 2018. APMT will hold a 20 percent share in the terminal.

We’re much on the lookout for new investment opportunities in China in this (terminal) market. We still think China will be a strong market for trade for decades to come.- Chairman of Maersk China and Chief Representative of Maersk Group North Asia

As well, having already purchased 20 new vessels from Chinese ship builders in the past 14 months, Maersk Line has repeatedly demonstrated its readiness to build and maintain its relationship with the Chinese shipping industry.

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