Marine Link
Friday, December 9, 2016

Maersk Taps into Asian Growth with New Route

April 11, 2013

Busan Port. Photo Credit: Busan Port Authority

Busan Port. Photo Credit: Busan Port Authority

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

 



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News