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Maersk CEO Smedegaard's optimism curbed by the oil price

The Maersk Group was not even able to meet its own expectations as put forth in November, and right now the current reality is overtaking the group faster than its motto of due diligence can bear. The oil price has become an opponent of the carrier.

Photo: Maersk Group
BY TOMAS KRISTIANSEN

The collapse of the oil price is happening so fast and with such a surprising effect that one of the world's largest transport and energy conglomerates, the Maersk Group, was forced to change its take on the world as well as the 2016 forecast that was presented only a couple of months ago.

The oil price is no longer just a game changer in the market, obviously affecting the group's energy businesses the most. Today, the oil is untamed unpredictability which has made the prospects for the group close to impossible to foresee. To draw on the old motto at Maersk, due diligence is far from adequate.

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