Maersk to Consider Splitting Its Operations?

Danish shipping and energy conglomerate Maersk Group is considering a number of strategic and structural options, one of which might be splitting up the group’s operations, according to Bloomberg.

The company’s business units are self-running, therefore the group is looking where to go next, Chairman of the Board of Directors, Michael Pram Rasmussen, told Bloomberg.

Maersk Group’s Board of Directors will now review whether to continue operating with five distinct businesses together or whether it should split.

The Maersk Group is made up of five core businesses which include Maersk Line, APM Terminals, Maersk Oil, Maersk Drilling and APM Shipping Services.

The announcement follows Maersk’s latest shift in management as the group appointed Søren Skou as new Chief Executive Officer of A.P. Møller – Mærsk A/S, replacing Nils S. Andersen, effective July 1, 2016.

Skou has been a member of the Executive Board of A.P. Møller – Mærsk since 2006, and in 2012, he was appointed CEO of Maersk Line.

For now, Skou will continue to hold his position of Maersk Line CEO in addition to his new role.

Following the announcement, Maersk Group’s shares surged by 12 percent.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >