Spinoff will help Maersk better focus

Article Excerpt

A.P. MOELLER-MAERSK A/S (ADRs) $6.57 (Over-the-Counter Pink Sheets symbol AMKBY; Manufacturing & Industry sector; Shares outstanding: 4.15 million; Market cap: $27.2 billion; Dividend yield: 1.8%; Takeover Target Rating: Lowest; www.maersk.com) is the world’s largest provider of container shipping services, accounting for about 15% of the global shipping capacity. It has over 600 ocean-going vessels as well as interests in over 250 ports and inland terminals in 130 countries. Based in Copenhagen, Denmark, sea captain Peter Maersk Moeller and his son Arnold Peter Moeller founded the company (which operates as Maersk) in 1904. The family still controls just over 50% of the business through voting shares. In the past century, Maersk has expanded into other areas. Those include logistics services and offshore oil drilling. A.P. Moeller-Maersk: Original founded as Svendborg Steamship Shares mainly trade on the Copenhagen Nasdaq exchange The hijacking of the company’s Maersk Alabama ship was the subject of the 2013 film “Captain Phillips” Maersk’s revenue rose 2.6%, from $33.9 billion in 2013 to $34.8 billion…