Richard Foulds …container volumes healthy
KEVIN MAYHEW THE UNCERTAINTY caused by the AP Moller - Maersk and Royal P&O Nedlloyd merger and the fact that the South African Competition Commission has still not ruled on the South African part of this merger, has stalled development plans within the Cross Country Containers Group. “We are precluded from holding any discussions with Maersk or their landside subsidiaries. This interim situation has gone on far too long but we are in the hands of the Competition Commission who do not seem to act with any sense of urgency,” says CCC director Richard Foulds. “Despite all the frustration, container volumes are healthy and with our growing South African economy, there are many opportunities for both CCC and CMCG to expand their businesses in the future, he added
