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Maersk looks to boost intra-Asia volumes six fold

Hong Kong: AP Moller-Maersk wants to expand its share of the intra-Asia container trades six-fold, ScandAsia reported.
Expansion plans for this region through Singapore-based feeder subsidiary Mercantile Cargo Consolidators Transport were outlined a year ago, with AP Moller-Maersk keen to fully exploit a sector in which it has had only a peripheral interest until now. Current market share is put at around 2%, whereas Maersk Line’s share of the inter-continental trades is between12% and 15%. That is the target for MCC Transport, according to chief executive Tim Wickmann. [29/06/09]