When AP Moller-Maersk gets moving, the world pays attention. So it was this week when, just days after lacklustre interim results, it unveiled an agreement to sell its Maersk Oil subsidiary to Total for $7.45bn in shares and debt.
The Danish giant won plaudits for delivering the first — and biggest — element in its stated disposal of its energy division to focus on transport and logistics through its liner, terminals and freight forwarding operations.
