Maersk Line is the world’s biggest container shipping company in terms of capacity and product volume. The company is going to provide its transport services to Chinese partners and at the same time become a co-investor in some projects along the Belt and Road Initiative over the next decade.
APM Terminals is also closely working with state-owned China Communications Construction Co. to build a new port in Tema, Ghana. Other projects where APM Terminals is involved include Vado Reefer Terminal and the new deep-water container terminal, still under construction in Vado, Italy. Both projects have Chinese partners, China COSCO Shipping Ports Ltd. and Qingdao Port International Development Co.
China is Maersk largest export market and it is only right to develop closer links with Chinese companies that are involved in the two trading routes. Chinese companies will be able to expand globally through Maersk’s network, transport and logistics services.
Maersk Line also operates through its intra-Asia arm, MCC Transport a comprehensive network of services between China and other countries that are members of the Association of Southeast Asian Nations (ASEAN). Several small ports in the region have been added to the network like Sibu in Malaysia and Davao in the Philippines. MCC has also launched a direct service that connects Qinzhou of Guangxi Zhuang autonomous region to Tanjung Pelepas, Malaysia and Singapore last year to make it the first foreign liner offering direct weekly service to Qinzhou.
According to Jens Eskelund, managing director of Maersk China Ltd it is important for a company to improve its profitability when facing market challenges of overcapacity and low freight rates. Maersk has posted a loss of $116 million for the 3rd quarter of the year, compared to the $264 million profit generated at the same time last year. Maersk hopes to continue on improving efficiency, lower bunker consumption and sharp focus of costs.
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