Maersk’s Terminal Arm Buys Into Jeddah Hub, Deepening Alliance With DP World
Global shipping heavyweight A.P. Moller-Maersk is tightening its grip on the Red Sea trade lanes. Its ports subsidiary, APM Terminals, has struck an agreement to acquire a 37.5% stake in the South Container Terminal at Jeddah Islamic Port — a facility currently operated in full by Dubai-based logistics powerhouse DP World. Under the arrangement, DP …
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