Maersk Group cuts down on ship investments

The A P Møller-Mærsk Group will downsize its investments in ships in the future. Instead, the company will take more ships on time charter when it is necessary to increase the capacity.

“In the present market, our investments will generate more profit in other areas”, explains Nils Smedegaard Andersen, CEO of A P Møller-Mærsk, in an interview in Berlingske Nyhedsmagasin.Over the last couple of years, the group has invested USD 11.2 billion in new ships and other projects. In the future, the oil business and the terminal business will be the main targets for investments as they have great potential. Currently, A P Møller-Mærsk has 70 container carriers on order with a capacity of 365,338 TEUs or equal to 17.9 per cent of the active fleet.

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