It will be some time yet before growth is back on the menu at Maersk's port division.
APM Terminals is now more than three years into its strategy, whose purpose is to push up earnings in the port division without making acquisitions. And although Chief Executive Morten Engelstoft can tick off several points on his to-do list, he is not ready to take his eyes off costs and put the port division into a new growth phase.
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