“We are looking into whether we should use the port as a client or buy a stake in it,” said Per Brinch, a spokesman in Copenhagen for A.P. Moeller, Maersk Sealand’s parent company.
A source at Seaport Terminal Sdn., which owns 60 percent of Pelabuhan Tanjung Pelepas Sdn., the port operator in Johor, said that Maersk Sealand might take a 30-percent stake. Brinch declined to comment. Seaport Terminal tried to sell a 30 percent stake last year for $57.4 million.
As part of the agreement, Maersk Sealand would guarantee the port a minimum volume of annual business.
Khazanah Nasional Bhd., a Malaysian state-owned investor, owns the remaining 40 percent of the port operation.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now