News / Maersk and Grindrod JV will merge South African container operations

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Maersk has agreed to form a joint-venture with South African transport and finance conglomerate Grindrod, to manage their South African container operations.

The proposed deal, with Maersk taking a 51% stake and Grindrod 49%, will see Grindrod Intermodal and its feeder shipping operation, Ocean Africa Container Lines, merge with Maersk’s Southern African ocean services.

And Maersk’s terminal operating arm, APM Terminals, has six inland container facilities in South Africa that will be folded into the joint-venture, as will Grindrod’s multipurpose terminal in ...