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Maersk says not planning JV with China Shipping

(Agencies)
Updated: 2010-03-27 16:31
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COPENHAGEN - Danish shipping and oil group AP Moller-Maersk said on Friday it has no plans to form a joint venture for transport of liquefied natural gas (LNG) with China Shipping Group, quashing media reports.

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"There is nothing whatsoever about a joint venture," Paul Carsten Pedersen, head of Maersk's fleet of eight LNG tankers, told Reuters.

Pedersen said that the two shipping companies have a dormant agreement on cooperation in some circumstances, but declined to elaborate.

Maersk is also not involved in an order for transport of 10 billion cu m of LNG to China annually that the rumoured joint venture was supposed to handle, he said.
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