CALL: +852 580 16695
* The Maximised Rental Agreement is not available for citizens or residents of Australia
maersk containers railway

AP Moller-Maersk Divides Itself Into Two Companies

September 23, 2016 12:10 am Published by

In order to focus more intently on transport and energy, AP Moller-Maersk has decided to divide itself into two companies.

The new foundation of Maersk's business will be built around Maersk Line, its APM Terminals port operations, and several smaller shipping and freight businesses. Maersk Oil, which has stakes in several big North Sea oilfields in Denmark, Norway and the UK, will use rig operator Maersk Drilling, its oil tanker business, and its supply service unit will form the energy business.

The industries in which we are operating are very different, and both face very different underlying fundamentals and competitive environments. Separating our transport and logistics businesses and our oil and oil-related businesses into two independent divisions will enable both to focus on their respective markets.- Chairman, Maersk

The dramatic break-up caps a turbulent year [2016] for the 104 year-old Danish conglomerate, which has been challenged by stagnant global trade, a record low for container shipping rates, and the slump in oil prices.

Comments are closed here.