Maersk Battling Through the Squall in 2023
A.P. Moller-Maersk is a Denmark-listed transport-based company. Over the last decade, the company has made material changes to its structure and focus, divesting assets in peripheral areas such as supermarkets, banks, and oil and gas. The business is now slimmed down to four divisions, Ocean, Logistics, Terminals, and Towage. The company has been aggressively expanding its logistics business in an effort to diversify away from the asset-heavy Ocean business, taking advantage of the ready-made customer base that comes with the Ocean business.