Maersk splits into energy and transport companies

25th September, 2016
Shipping giant AP Moller-Maersk has been hit by slumping oil prices

Giant Danish conglomerate AP Moller-Maersk has been forced to split in two after facing a “perfect storm” of falling global trade and slumping oil prices. The company operates the world’s largest shipping business, and is breaking up into a transport company and an energy company.

“Separating our transport and logistics businesses and our oil and oil-related businesses . . . will enable both to focus on their respective markets. Both face...

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