Maersk terminal operator plotting a new course or two

APM Terminals to move into the oil and coal business areas

APM Terminals, the Maersk shipping line’s terminal operating company, is planning a new strategy following a disappointing year for the company in 2014, Børsen reports. For the first time ever it will make targeted investments in oil and coal harbours.

Kim Fejfer, the head of APM Fejfer, told the newspaper that the company would be moving into the new business areas as of this year. “It’s our ambition to implement one or two new harbour projects outside of the container segment,” he said.

“That could, for example, be to set up or run terminals within oil and gas or dry cargo, such as agricultural products, coal or metals.”

Changing macroeconomic situation
Fejfer highlighted the role of changing conditions in Russia and Nigeria, where APM Terminals had invested heavily in recent years, as being a reason behind the company’s change in tack. “When the macroeconomic situation changes, it naturally has an effect on our investment strategy,” he said.

“We adjust our strategy in accordance with the things that happen in the global economy. It’s possible that we will change our investment focus.”