grindrod

Maersk and Grindrod to set up joint venture in SA

AP Moller-Maersk is to set up a logistics joint venture with stevedoring, shipping and port services operator Grindrod in South Africa, subject to regulatory approvals. Grindrod’s intermodal business and the ocean activities of its Ocean Africa Container Lines shipping and logistics arm will complement Maersk’s ocean and logistics services. Maersk will have a 51% share in the proposed joint venture which will increase access to landside infrastructure and capabilities including ... [+]