DP World Callao, the concessionaire for the new container terminal “Muelle Sur” in Callao, Peru, and Maersk Line, the world’s largest container shipping line, have forged a terminal services agreement to take effect upon completion of the terminal’s construction scheduled between April and May 2010.

“The new terminal will finally provide Peruvian exporters and importers with the opportunity to reduce costs by accessing an improved shipping network as well as improved land side logistics,” said Maciek Kwiatkowski, General Manager of DP World Callao.

In turn, Michael Kaasner Kristiansen, Maersk Line’s Head of Operations for Latin America said “Maersk Line is expecting an improved end-to-end cost for our clients, coupled with berth windows and higher productivity to deliver unmatched schedule reliability in the Peruvian market. We are excited at the prospect of being able to further develop the already strong relationship with Maersk Line's many loyal customers in Peru."

Maersk Line operates a fleet of approximately 450 vessels and a number of containers corresponding to more than 1,900,000 TEU, ensuring reliable and comprehensive worldwide coverage.