AP Moller-Maersk has added its name to the growing list of shipowners undertaking a share buyback scheme.
The $1bn repurchasing plan was announced as the world’s largest shipowner posted a strong second-quarter profit and hiked its full-year profit forecast this week.
Nils Andersen, chief executive of the Danish conglomerate, says the buyback fits a strategy to return capital to shareholders, which has included higher dividend over the past year.
“When
