Tuesday, May 27, 2008

Maersk halts size and integration strategies

Maersk halts size and integration strategies

By Robert Wright in Copenhagen

Published: May 26 2008 23:34 | Last updated: May 26 2008 23:34

The owner of the world’s largest container shipping line – AP Møller-Maersk – is to abandon two key strategies that have shaped the sprawling Danish group as it seeks to recover from a period of patchy profitability.

Nils Smedegaard Andersen, who last November became the group’s first externally appointed chief executive, told the Financial Times that Maersk would ease its policy of seeking to provide as many services for the core container shipping and oil and gas businesses from within the group.

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