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Maersk faces acquisition ceiling of USD 1 billion for the next two years

If Maersk wants to maintain its credit rating, the shipping line cannot use more than one billion dollars on acquisitions in the next two years, projects analyst firm. CEO Søren Skou says that acquisitions may not put rating at risk.

Photo: Jens Hartmann Schmidt/Ritzau Scanpix

The world's largest container shipping line, A.P. Moeller-Maersk, can spend USD 1 billion on acquisitions in the next two years without losing its vital credit rating, according to an analysis by firm S&P Global Platts, reports Bloomberg.

Maersk has heralded acquisitions, in particular in its onshore business, as part of its ambitions to make the logistics business bigger and to have it serve as a larger counterweight to the traditional container business a few years from now.

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