Maersk Expands Red Sea Return With MECL Service Through Suez Canal
Maersk is expanding its gradual return to the Suez Canal, announcing that its MECL service linking India, the Middle East and the U.S. East Coast will once again transit the...
UPDATE: According to a report from Tradewinds, the order could include 18,000-teu giants.
SEOUL (Dow Jones)–South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) has received a $2 billion order to build 10 container carriers for A.P. Moeller-Maersk A/S (MAERSK-B.KO), a person familiar with the matter said Friday.
“The contract value may change a bit and there will be the public announcement on Monday,” the person told Dow Jones Newswires by telephone.
Shares in the world’s No. 2 shipbuilder by sales jumped 7.1% to KRW34,650 on the news.
-By Kyong-Ae Choi, Dow Jones Newswires
Updated: February 21, 2011 (Originally published February 18, 2011)
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