CEO Nils Smedegaard Andersen in an interview with London’s Financial Times said that the company would be targeting spending on its oil and gas business, its container-handling terminals and on retailing. AP Moller-Maersk may also consider selling off distressed assets, he said.
AP Moller-Maersk owns 67.7% of the company running Fotex and Netto Supermarkets and has a 37.7% share in two departmental stores.
The company faces the prospect of a loss for the first time in its 105 year history as a result of the losses at Maersk Line and Maersk Tankers. Maersk Line itself made post-tax losses of US$1.54bn for the first nine months of 2009.