World's Biggest Container Line Scales Down Bond-Market Reliance
- CFO favored bank loans in $4 billion takeover of Hamburg Sued
- Maersk is currently planning to separate its energy divisions
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The world’s biggest container shipping company and Denmark’s largest issuer of corporate bonds may rely less on debt markets in the near future.
A.P. Moller-Maersk A/S has ample liquidity and plans to cut capital expenditure, both of which reduce the need for new bond sales, according to Chief Financial Officer Jakob Stausholm. He also pointed to the century-old conglomerate’s plans to sell its energy business as a complication that makes now an awkward time to tap debt markets.