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Cheapest options to expand

Cheapest options to expand
Danish shipping and energy group A.P. Moller-Maersk would consider takeovers of insolvent competitors or of individual freighters as these are the cheapest options to expand during the economic crisis

Danish shipping and energy group A.P. Moller-Maersk would consider takeovers of insolvent competitors or of individual freighters as these are the cheapest options to expand during the economic crisis.

Danish shipping and energy group A.P. Moller-Maersk would consider takeovers of insolvent competitors or of individual freighters as these are the cheapest options to expand during the economic crisis, its chief executive told a German magazine. The conglomerate is also investing in special freighters for Africa and South America as it seeks to spend some 6.5 billion euros ($9.28 billion) this year, Chief Executive Nils Andersen said, according to magazine WirtschaftsWoche. Part of the money is being spent on investing in new and existing harbors such as the container terminal in Nigeria, Andersen said, the weekly magazine reported.

While it is considering selling its passenger and car ferry business, it will keep its Maersk Line division, Andersen said.

www.TurkishMaritime.com.tr

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