Maersk, a Danish shipping company, is set to invest nearly $2 billion in Pakistan’s maritime sector.
This Memorandum of Understanding was signed by Danish Minister for Industry, Business, and Financial Affairs H.E. Morten Bodskov and Pakistani Minister for Maritime Affairs Qaiser Ahmed Shaikh.
Denmark’s Ambassador to Pakistan, Jacob Linulf, presented the signed document of Danish Minister in this ceremony.
On this occasion, Federal Minister Qaiser Ahmed Sheikh said that we are extremely thankful to the Government of Denmark for this remarkable maritime sector breakthrough.
He further added that as a result of this memorandum, the ministry can integrate logistics hubs in all ports, establish deep water container terminals in Karachi, create International Maritime Organization (IMO) and European Union (EU)-compliant ship recycling facilities in Gaddani, assist the Pakistan Marine Academy to upgrade curriculum and equipment, and provide continuous technical and training assistance to Pakistani ports.
The Maritime Minister Qaiser Ahmed Sheikh also highlighted the importance of Maersk Company in Pakistan’s shipping industry. He said that Maersk has the highest market share of 20% for containerized imports and exports in Pakistan.
Apart from that, the global market capital of this company is around 175 billion Danish Krone.
He further said that the Ministry of Maritime Affairs and Denmark’s government have been continuously working for the last six months to reach a fruitful conclusion. Both sides are willing to strengthen ties for the growth of the maritime sector.
