Maersk, the giant ocean shipping carrier, is testing a U.K. airport as a possible import base for its cargo airline. The post Maersk Air Cargo explores China-UK route appeared first on FreightWaves.
Announcement A.P. Møller - Mærsk A/S – Transactions in connection with share buy-back program On 5 May 2021, A.P. Møller - Mærsk A/S (the “Company”) announced a share buy-back program of up to DKK 32bn (around USD 5bn) to be executed over a period of two years. On 2 November 2021, the Company decided to extend the current share buy-back program by additionally DKK 32 billion (around USD 5 billion) during 2024 and 2025 bringing the total program up to DKK 64 billion (around USD 10 billion). On 12
Danish shipping company Maersk on Monday said it will invest more than $500 million to expand its supply chain infrastructure in South-East Asia. Maersk intends to scale up its warehousing and distribution in the region by up to 50% and expects to add nearly 480,000 square metres of capacity across Singapore, Malaysia, Indonesia and the Philippines by 2026, it said. The planned three-year investment aims to strengthen supply chain resilience and lower the cost of trade, which tends to be two to three times higher in certain Asian markets, Maersk added.