ShippingWatch

The Maersk Group divests assets for USD 1.76 billion

The DFDS share divestment marks the beginning of a process for the Maersk Group in which assets totalling USD 1,76 billion have been put up for sale. APM Terminals could stand to benefit the most, says analyst.

Photo: Maersk

The process kickstarted by the Maersk Group yesterday, Thursday, with the sale of the company's stake in DFDS is not just a standard asset divestment, as the Maersk Group has put assets up for sale totalling as much as USD 1,76 billion, stock analyst Dan Togo Jensen, from the danish bank Handelsbanken, tells ShippingWatch.

And that figure only covers the major divestments announced or initiated by the Maersk Group. Add to this the smaller divestments, such as the recent sale of Bridge Port Terminal in the United States.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs