Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By


Odense offloads Estonian subsidiary

ODENSE shipyard owned by Danish shipping and oil group AP Moller-Maersk has sold Balti ES Ltd, an Estonia-based metal components manufacturer, to Finland's Cargotec Corporation for an undisclosed sum. The final transfer of the company, which employs 600 people, is expected to take place within one to two months, Maersk said in a statement. Maersk said the strategic importance of Balti for Odense Shipyard had diminished since its purchase in 1997 and that the components manufacturer now sells most of its production capacity to companies outside the Maersk group.





Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts