AP Moller-Maersk expects to deliver average returns of more than 12% for the next five years, according to chief executive Soren Skou.

Speaking at its annual Capital Markets Day, Skou said the Danish shipping giant would achieve the higher returns by bringing together “significant and tangible synergies” of its logistics, ocean and terminal businesses.

“We are confident that we can continue to deliver shareholder returns that are value generating above 7.5%