19.1 C
Hamburg
Sunday, June 1, 2025
Home News A.P. Moller – Maersk denies MCI is on the market

A.P. Moller – Maersk denies MCI is on the market

Danish operator A.P. Moller – Maersk has cast doubt over reports from Bloomberg that the company is considering the sale of its reefer container manufacturer, Maersk Container Industry (MCI) for US1 billion.

[s2If is_user_logged_in()]Reports from un-named sources in a Bloomberg story suggested that the company was at the early stages of considering the sale of MCI as demand for reefer containers has soared during the Covid-19 pandemic. The sources suggested, however, that the manufacturer may be offered to potential buyers as early as this month.

Asked about the reports, A.P. Moller – Maersk said, “As a company policy we do not comment on rumours and speculation. MCI is delivering strong results, contributing to the growth of A.P. Moller – Maersk. Furthermore, with our shared heritage and connection to shipping and global trade, A.P. Moller – Maersk continues to add value as a good owner of MCI.”

In its Q4 2020 results Maersk reported that, MCI revenues had decreased to US$156 million from US$164 million a year earlier, adding that the decline in income was “driven by delayed collection of produced boxes”. The company added, “The majority of revenue was related to third-party customers. EBITDA increased to US$18 million (US$14 million), mainly due to higher service sales and foreign exchange rates.”

Nick Savvides
Managing Editor

[/s2If]

[s2If !is_user_logged_in()]Please login or register to read the rest of the story[/s2If]





Latest Posts

The Indian Ocean Rivalry

The Indian Ocean has emerged as a strategic theater of competition between two Asian giants: India and China. India’s recent developments indicate a rapid expansion...

Statkraft advances plans for green hydrogen scheme at Hunterston

Europe’s largest generator of renewable energy has proposed the development of a green hydrogen facility at Hunterston, the former coal terminal in Ayrshire. Clydeport –...

Port of Bilbao wraps up busiest month for cruise traffic

May has marked a record month for cruise activity at the Port of Bilbao’s terminal in Getxo, with 18 cruise ship calls bringing over...

Tripoli port shutdown sparks maritime crisis in Libya

Libya’s shipping sector is teetering on the edge of collapse as fresh waves of political violence erupt in Tripoli, crippling key port operations and...

Klaipėda port embarks on green hydrogen initiative

Klaipėda Port launched its green hydrogen initiative, positioning itself as the first in Lithuania and the broader Baltic region to produce and supply green...
error: Content is protected !!