Jun 29,2009 00:00 by schambers
Hong Kong: AP Moller-Maersk wants to expand its share of the intra-Asia container trades six-fold, ScandAsia reported.
Expansion plans for this region through Singapore-based feeder subsidiary Mercantile Cargo Consolidators Transport were outlined a year ago, with AP Moller-Maersk keen to fully exploit a sector in which it has had only a peripheral interest until now.
Current market share is put at around 2%, whereas Maersk Line’s share of the inter-continental trades is between12% and 15%. That is the target for MCC Transport, according to chief executive Tim Wickmann. [29/06/09]
http://www.seatradeasia-online.com/News/4302.html
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