Malta Freeport, the third largest transshipment port in the Mediterranean region and located on the island of Malta, has seen a “significant slowdown in business activity” since 2H18.
One of its major clients, Maersk, the largest container ship and supply vessel operator in the world, has decided to move its operations from Malta to other ports in North Africa after Mediterranean shipping routes have been severely affected by the synchronized global slowdown.
The Times of Malta reported that Freeport’s management notified unions and other clients that Maersk and Mediterranean Shipping Company (MSC) will be shifting operations from Malta to other African ports,
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