COPENHAGEN - Danish shipping and oil group AP Moller-Maersk said on Friday it has no plans to form a joint venture for transport of liquefied natural gas (LNG) with China Shipping Group, quashing media reports.
"There is nothing whatsoever about a joint venture," Paul Carsten Pedersen, head of Maersk's fleet of eight LNG tankers, told Reuters.
Pedersen said that the two shipping companies have a dormant agreement on cooperation in some circumstances, but declined to elaborate.
Maersk is also not involved in an order for transport of 10 billion cu m of LNG to China annually that the rumoured joint venture was supposed to handle, he said.
