Maersk says to sign $500 m China port deal soon

Reuters: APM Terminals, the ports arm of Danish shipping and oil group A.P. Moller-Maersk expects to sign a more than three billion Danish crowns ($502.82 million) investment deal on a new container terminal in China, a company spokesman said.

“We expect to sign a deal regarding an investment of over three billion crowns in a new port in China,” Maersk spokesman Michael Storgaard said.