MAERSK SEALAND EYES MALAYSIAN PORT
Maersk Sealand is considering taking a stake in Malaysia’s Tanjung Pelepas port in Johor.
“We are looking into whether we should use the port as a client or buy a stake in it,” said Per Brinch, a spokesman in Copenhagen for A.P. Moeller, Maersk Sealand’s parent company.
A source at Seaport Terminal Sdn., which owns 60 percent of Pelabuhan Tanjung Pelepas Sdn., the port operator in Johor, said that Maersk Sealand might take a 30-percent stake. Brinch declined to comment. Seaport Terminal tried to sell a 30 percent stake last year for $57.4 million.
As part of the agreement, Maersk Sealand would guarantee the port a minimum volume of annual business.
Khazanah Nasional Bhd., a Malaysian state-owned investor, owns the remaining 40 percent of the port operation.