A.P. Moeller-Maersk is in a strong position to handle the problematic market conditions, note Nordea as well as investment bank Jefferies in comments published on Thursday following the conglomerate's Capital Markets Day on Wednesday - and the Group faces a lot of work in handling the sliding oil price, which has hit the oil business Maersk Oil, the vast overcapacity of container ships sailing the world seas, and fewer goods to transport.
"Capital Markets Day in Copenhagen yesterday confirmed the company is well positioned to cope with difficult market conditions (…) Maersk will take advantage of market weakness to further expand, with an increasing focus on acquisitions in Maersk Oil and APM Terminals, likely resulting in relatively less generous near-term cash returns to shareholders," writes Jefferies.
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