The world’s biggest container shipping company, A.P. Moller-Maersk, has announced that the company will be splitting into a transport business and separate logistic and energy business division. Maersk said that the aim of this split is that of generating growth, increasing agilities and synergies and unlocking and maximising shareholder value with the long-term view.
The Transport and Logistics arm will consist of Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry, which will be based on a one company structure with multiple brands.
The aim is to enable and facilitate global supply chains and provide opportunities for customers to trade globally. Amongst others, it will focus on container transport, port operations, supply chain management and freight forwarding, whilst leveraging its position by offering new products, digitalisation of services and individualised customer solutions.
Meanwhile, the Energy arm will consist of Maersk Oil, Maersk Drilling, Maersk Supply Service and Maersk Tankers. Maersk Oil will adjust its current strategy to focus its portfolio in fewer geographies to gain scale in basins, particularly in the North Sea. It will also aim to strengthen its portfolio through acquisitions or mergers.
