Tags: EU | Denmark | AP | Moller | Maersk

AP Moller-Maersk Splits Its Shipping, Energy Operations

Thursday, 22 September 2016 06:03 AM EDT

COPENHAGEN, Denmark (AP) — Denmark's A.P. Moller-Maersk A/S is splitting its container shipping and energy operations into two independent entities as part of a major shakeup.

The Copenhagen-based group said Thursday the transport and logistics division will include its shipping, terminal and container businesses, while the energy division will handle oil drilling and production as well as the tanker business.

A.P. Moller-Maersk also raised the possibility of separating its oil units from the group through joint ventures, mergers or listings. It said the main growth focus of the group going forward would be "delivering best in class transportation and logistics services."

The move comes just months after Soeren Skou replaced Nils Smedegaard Andersen as CEO in July.

The group has seen profits and revenue plummet due to low oil prices and freight rates.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Denmark's A.P. Moller-Maersk A/S is splitting its container shipping and energy operations into two independent entities as part of a major shakeup.The Copenhagen-based group said Thursday the transport and logistics division will include its shipping, terminal and...
EU,Denmark,AP,Moller,Maersk
132
2016-03-22
Thursday, 22 September 2016 06:03 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved