DOW JONES NEWSWIRES
APM Terminals Inc., a unit of Danish shipping firm A.P. Moller-Maersk A/S (MAERSK-B.KO), has submitted a proposal to take over the operations of the Virginia Port Authority's cargo terminals, the Virginian-Pilot reported Wednesday, citing sources.
APM briefed port authority officials on the proposal Tuesday, and more details are expected to be announced Wednesday, according to the report.
Full story at http://hamptonroads.com/2012/05/maersk-unit-proposes-takeover-state-cargo-terminals
-Dow Jones Newswires; 212-416-2900
(END) Dow Jones Newswires
May 23, 2012 13:25 ET (17:25 GMT)
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