The Middle East faces a “pressing need for the import of food” as conflict in the Gulf disrupts shipping routes, the chair of A.P. Moller-Maersk said on Wednesday.
Maersk is redistributing fuel to supply its vessels as the Iran war disrupts maritime fuel in the Middle East. 10 ships remain stranded in the Gulf, threatening oil flows through the Strait of Hormuz.
APM Terminals, an independent subsidiary of Netherlands-based AP Moller-Maersk, has announced that it has sealed a strategic partnership with DP World, a leading provider of smart end-to-end logistics solutions, to acquire a 37.5% stake in the South Container Terminal in Jeddah.
APM Terminals, an independent subsidiary of A.P. Moller–Maersk, has acquired a 37.5% stake in the South Container Terminal at Jeddah Islamic Port, Saudi Ports Authority (Mawani) has announced.
Singapore-based Seatrium reached a settlement with Maersk over a cancelled offshore wind vessel contract, with Maersk agreeing to pay the remaining $360 million of the $475 million deal, partly through a long-term interest-bearing credit arrangement.
Weatherford International has announced a strategic partnership with Maersk Training, a provider of oil and gas training solutions, to jointly develop and commercialise International Association of Drilling Contractors (IADC)-accredited Managed Pressure Drilling (MPD) training programmes.
