US military deal worth 1.76 billion kroner to Maersk Line

Danish shipper one of 12 to benefit

Maersk's deal with the US military will end in February 2017 (photo: Bertknot) Maersk's deal with the US military will end in February 2017 (photo: Bertknot)
January 15th, 2016 3:26 pm| by Nanna Østerby
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Maersk Line is set to benefit to the tune of 1.76 billion kroner thanks to a deal agreed by the US military with 12 different shipping companies, reports Børsen.
Under the terms of the agreement, which will cover the next 14 months, the 12 companies will be responsible for providing the US military with transportation and intermodal distribution services.
According to the Norwegian shipping publication Tradewinds, Maersk Line has landed a lion’s share of the deal. For example, German shipper Hapag-Lloyds is only getting 628 million kroner.
Signing a deal with multiple companies, usually in different countries, as opposed to just one, is part of the US military’s overall strategy to spread out its investments.