Deals
World's Biggest Shipping Company Pours Billions Into Market Rout
- Maersk says more deals may come as pricing remains attractive
- APM Terminals CEO says company has clout to buy amid downturn
This article is for subscribers only.
The world’s biggest shipping company is taking advantage of low industry prices to build its business across units.
A.P. Moeller-Maersk A/S unveiled its latest venture on Thursday, when its APM Terminals unit said it will invest 758 million euros ($859 million) in a Moroccan port facility. That follows the closing earlier this month of the unit’s $1 billion acquisition of a Spanish rival, and an almost $1 billion deal in Mexico.