Trump Tariffs on Russia’s Oil Buyers Bring Economic, Political Risks
From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has wielded the threat of tariffs as an all-purpose foreign policy weapon.
MOSCOW (Dow Jones)–Danish shipping giant A.P. Moller-Maersk A/S (MAERSK-B.KO) is likely to exercise an option to order ten large container ships from Daewoo Shipbuilding & Marine Engineering Co. Ltd. (042660.SE), the company’s Chief Executive Nils S. Andersen said.
“It is likely that we will exercise the option,” S. Andersen told Dow Jones Newswires in an interview.
In March, A.P. Moller-Maersk placed an $1.8 billion order for ten giant ships, which at 18,000-twenty-foot equivalent units are currently the largest container ships in the world, to be delivered by 2014.
An option to buy another ten ships expires in June, S. Andersen said.
-By Jacob Gronholt-Pedersen, Dow Jones Newswires
Sign up for gCaptain’s newsletter and never miss an update
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up