Friday, December 27, 2019

Maersk to accelerate land-based logistics business through acquisitions

The Danish group transports one-fifth of all seaborne freight but sells land-based logistic products to fewer than 20 percent of its ocean customers. Shipping

December 27, 2019: AP Moller-Maersk, which moves close to 20 percent of all containers in world-wide ocean transport, has been constrained by its stretched balance sheet after Moody's cut its credit rating to the lowest possible investment-grade a year ago. Trying to focus its investment on broader logistics services, it is getting close to making a number of acquisitions to bulk up its land-based logistics business after

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