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.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.