A.P. Moeller-Maersk A/S aims to win more African port contracts
A.P. Moeller-Maersk A/S (MAERSKB), owner of the world’s largest container line, aims to win more African port contracts after a group to which it belongs was selected to build and run a container terminal in Ivory Coast.
Maersk has operations in more than 40 African nations and generates about 10 percent of its sales in and around the continent. Besides its shipping business, the Copenhagen-based company has interests in nine ports in eight West African countries and supplies oil- and gas-related services. Maersk joined with Bollore SA and Bouygues SA to win the 450 million-euro ($591 million) contract for the second container terminal in Abidjan, Ivory Coast’s commercial capital, according to a March 25 e-mail from Bollore. The terminal will start operating in 2016, it said. Maersk is targeting annual sales growth of at least 10 percent from Africa in coming years. Shipments of agricultural products, including timber and fruit, are rising as the continent diversifies its trade away from raw materials.
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