Maersk Line announces agreement with South Carolina State Ports Authority

Maersk Line announced today that it has reached an agreement with the South Carolina State Ports Authority to maintain services in the Port of Charleston beyond the conclusion of the current 2010 contract. This agreement brings a close to several months of negotiations and represents a reversal Maersk Line’s decision to depart Charleston announced late last year. The agreement establishes a new contract through December 31, 2014 and places Maersk Line’s cost structure in Charleston on a level playing field with other ocean carriers who use the port.