Maersk invests or commits US$12 billion in 2011 to maintain lead

MAERSK group`s strong cash flow and healthy balance sheet make it possible to invest in long-term profitable growth of the core businesses in spite of short-term market volatility and risks, the company declared on its website.

"Container shipping will remain a high growth industry and Maersk Line will be the undisputed industry leader - delivering margins and returns ahead of competition. Customer focus combined with an efficient fleet will secure and strengthen competitiveness," said the statement.


APM Terminals aims to be the leading global port operator with financial returns and growth above market and will be a significant contributor to the groups cash flows and earnings, said the statement.


In the first half-year of 2011 alone, Maersk group has either spent or committed US$12 billion on various projects. "We are investing in a strong and exciting future for the group and its employees," said CEO Nils Andersen.


"We want to strengthen our market positions further, especially in growth markets, and our focus will primarily be on seven core businesses within two industries, shipping and oil and gas," said Mr Andersen.


Within the shipping industry, two core businesses - container shipping and terminal activities - will have priority for investment in further growth, whereas investments in Maersk Tankers, Damco and Svitzer will be driven by market opportunities, said the company statement.