Consolidation and not newbuilding orders will be Maersk Line’s preferred growth path as Denmark’s AP Moller-Maersk refocuses on becoming a leading container and logistics company, its chief executive says.

Soren Skou - who engineered plans to split the conglomerate in two this summer - says the expansion will be required as the group looks to replace revenue lost when its four energy businesses are spun-off during the next couple of years.

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