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Maersk Taps into Asian Growth with New Route

Maritime Activity Reports, Inc.

April 11, 2013

As Europe’s economic slowdown reshapes global trade patterns, Maersk Line taps into Asian growth by starting a new direct route to South Korea.

A.P. Moeller-Maersk A/S began shipping from the port of Gothenburg, Scandinavia’s largest, to Busan, the world’s fifth-busiest port. The route will support growing Asian demand for European imports almost two years after Korea and the European Union signed a free-trade agreement, reports Bloomberg.

Maersk estimates trade to Asia’s growth economies will increase this year as shipments to crisis-stricken Europe decline.

Source: Bloomberg

 

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