Marriage made at sea

Shipping lines Maersk Tankers and Torm are said to be in discussions over a possible merger that would see the creation of world’s largest shipper of petroleum products. A.P. Moller-Mærsk, Maersk Tankers’ parent company, is already one of the world’s largest shipping firms, while Torm has been seeking a way to turn itself around after the company was rescued by banks in 2011. Analysts said the deal would secure Maersk’s position in the market, while the expansion of its tanker fleet would make it easier to sell off the business unit at a later date. – Berlingske Business





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