Fitch has given a lukewarm reception to AP Moller-Maersk’s decision to split into two separate divisions of transport and energy.

“We do not expect the split to significantly improve the performance of the group’s separate units, although the increased focus may help long-term strategy execution,” the rating agency said.

“Stronger divisional focus may bring operational and cost efficiencies, but these are unlikely to mitigate sector-specific pressures.”

Fitch