Maersk's CEO says company will reduce container investment

Monday, November 19, 2012

The chief executive of the parent company of the world’s biggest container line has said that his company will ease investment in the container shipping business. Nils Andersen, CEO of the A.P. Moller-Maersk Group, told the Financial Times that the company will invest more heavily in its oil, drilling, and ports businesses , and not as much in its container business Maersk Line. The group is Denmark’s biggest company by revenue and an iconic name in the liner shipping ...

You have requested access to content only available to Registered Users of American Shipper. You can become a registered user for FREE. You will not have access to premium content.

Your registration to American Shipper is FREE and will provide you access to much of the content on the American Shipper Web site. You will not have access to Premium Content.

SUBSCRIBE NOW
Access to premium content, original reporting, research, and feature stories require a paid subscription. Subscriptions to American Shipper costs $120 a year. Your subscription includes unlimited access to content on the American Shipper Website, early access to the digital edition of the monthly magazine, and the daily AS+ premium newsletter published each morning.