Denmark's A.P. Moller-Maersk to split up into transport, energy divisions

A Maersk Line container ship is unloaded and refueled at the Port of Los Angeles in San Pedro, Calif.
Patrick T. Fallon | Bloomberg | Getty Images
A Maersk Line container ship is unloaded and refueled at the Port of Los Angeles in San Pedro, Calif.

Danish shipping and oil conglomerate A.P. Moller-Maersk said on Thursday it will separate its businesses into separate transport and energy divisions in a bid to better tackle the problems facing its struggling businesses.

The focus will be on establishing an integrated transport and logistics company, while its oil and oil-related business will either individually or in combination be separated from the company, Maersk said.

The 112-year-old group said in June it had asked new chief executive Soren Skou to look into potentially breaking up the group, whose shipping and energy operations are both struggling.

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