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Journal of Commerce: Maersk to expand financing to shippers’ suppliers

By Hugh R. Morley

Maersk Line plans to expand a new program providing trade financing to customers by also providing credit to customers’ suppliers as well...

“This is where the industry is going,” William C. Duggan, Maersk’s head of trade finance North America, told the 29th Apparel Importers Trade & Transportation Conference Wednesday, organized by the United States Fashion Industry Association and American Import Shippers Association, of the financing program. “We think this is the wave of the future.”

Click here to read the entire article on the Journal of Commerce website.

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