Temporary Baltimore shipping channel shift in bid to remove MV Dali
The temporary 30ft channel that allowed larger vessels to transit Baltimore harbour has been closed, ...
The context of this story is the ongoing consolidation of Maersk’s container supply chain operations – it’s not a shipping line and port operator anymore. No, it’s a “mobile inventory management firm, one executive quipped in private recently. The $1.17bn tanker sale proceeds will go into paying down Maersk’s debt, while ownership of the tanker unit will not actually change that much – it is being bought by AP Møller Holdings, which remains the largest shareholder of Maersk Group. In turn, AP Møller Holdings is set to create tanker joint-venture with Japanese chipping conglomerate Mitsui.
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