Maersk Group might split business to transport and energy units

Maersk GroupMaersk Group might split business to transport and energy units, which is part from the possible restructuring strategy of the company’s business. The transport unit will include Maersk Line, APM Terminals, Svitzer, Maersk Tankers and possibly Damco, if group abandon its sale. The energy unit will include Maersk Oil, Maersk Drilling and Maersk Supply Services, which will be separated with own business management and structure. The restructuring is currently in conceptual level, but if Maersk Group continue it might be completed until the end of September.

“The new strategy is still at a conceptual level. But it looks as if it will come out at the end of September and a transport company and an energy company will be created”, said unnamed source to Danish newspaper Berlingske Business.

The Board of Directors of Maersk Group are currently negotiating and discussing the possible restructure of the company, which will make it competitive on the current downturning offshore and container market. The management of the company is evaluating how the group’s agility and synergies can be further strengthen to ensure future growth and profitability. The company’s structure will remain unchanged, but Maersk Group will try to use the capacity and synergies to create working and profitable model.

The decision for the taken changes will be announced in third quarter of 2016, until the end of September.