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Maersk steers steady course for expansion
AP Moller-Maersk is staying true to its planned investment programmes despite a major shake-up in its container shipping division, and the global credit crunch, writes Janet Porter Between them, Maersk Tankers, Maersk Supply Service and Maersk Contractors have newbuildings worth around $7bn in the pipeline The carrier is now fighting back, and not just by benchmarking itself against other lines for the first time, and bringing costs into line with those of its competitors
Wednesday 6 February 2008
MAERSK Line has barely been out ofthe headlines in recent weeks astop management embarked on a major shake-up that will include savage job cuts in a bid to weed out layers of bureaucracy and return the ailing giant to the black.
But elsewhere in the sprawling AP Moller-Maersk shipping and energy empire, expansion plans and business projects remain...
