APM Terminals is open to diluting its ownership stakes

APM Terminals' CEO Morten Engelstoft will review the entire portfolio of ports and non-core activities, and ownership stakes are not a sacred cow to him. There could potentially be divestments of non-strategic assets as well as reducing ownership in ports, he tells ShippingWatch.

Photo: Maersk Tankers PR

APM Terminals, which is, by far, one of the most important business areas in Maersk Group's new strategy, is prepared to divest assets. The company is also open to reducing its ownership in select ports around the world, explains the port and terminal company's CEO, Morten Engelstoft, after serving just six weeks in the job, which he took over from Kim Fejfer.

Engelstoft, whose past includes positions at container carrier Maersk Line before a turn as CEO of Maersk Tankers, was promoted to the top job after Søren Skou was appointed CEO for the entire Maersk Group before the summer holiday season this year.

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