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Maersk planning oil, terminals expansion

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Tuesday, October 09, 2012

The A.P. Moller-Maersk Group, parent company of Maersk Line, outlined plans to grow two of its major units outside of liner shipping. The company said its Maersk Oil division plans to increase oil production by 50 percent by 2010 to 400,000 barrels a day. Currently, Maersk produces about 265,000 barrels per day. Meanwhile, Maersk said its container terminal operating subsidiary, APM Terminals, has a target of becoming the the leading port and inland terminal operator b...

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