Maersk Line expands Canadian presence

By zaymalz malz
Share

The world’s largest shipping company Maersk Line has announced that it has expanded its Canadian transatlantic service from Montreal and Halifax to Europe as trade continues to boom.

The weekly service will be a five-vessel rotation stopping at two locations in Italy and Spain and one in France, with other Mediterranean markets set to be connected due to the company’s transshipment services in both Algeciras and Valencia.

See also:

“With one agreement in effect to fuel Canadian imports and exports in the Atlantic and another one in the works for the Pacific, this represents only favourable wind behind the expansion of our services in Canada and enable our customers to reach new markets in Europe and Asia,” said Jack Mahoney, President of Maersk Line Canada.

Montreal was selected due to its access to both the Ontario and Quebec markets via rail and road routes, whilst Halifax was also chosen due being renowned as one of the country’s key maritime markets.

2017 saw Canadian exports and imports growing 6.9%, highlighting significant prosperity within the Canadian market. Further, for 2018 Maersk itself has forecast a 7% growth in maritime container volume.

Share

Featured Articles

UK International Investment Summit - Who’s Coming - Latest

Ex-Google boss Eric Schmidt to be in conversation with Prime Minister Keir Starmer at investment summit to take place on 14 October

Why Are US CEOs Stampeding for the Exit Sign?

The number of US CEOs exiting their businesses rose by more than one third in August, while the annual total of CEO exits hits a year-to-date record

Companies Wasting Millions on AI Spending - MIT Professor

KPMG survey says 81% of US executives worry about lagging behind on tech but MIT economist says AI will only replace 5% of jobs

6 Biggest Challenges Facing Incoming Nike CEO Elliott Hill

Leadership & Strategy

Anthony becomes first female CEO of Big Four accounting firm

Leadership & Strategy

Nearly Quarter of CEOs Firefighting Sexual Misconduct Crises

Human Capital