Maersk Taps into Asian Growth with New Route

Bloomberg
Thursday, April 11, 2013
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

 


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