Maersk may scale down reliance on debt markets in the near future

Copenhagen

THE world's biggest container shipping company and Denmark's largest issuer of corporate bonds may rely less on debt markets in the near future.

AP Moller-Maersk A/S has ample liquidity and plans to cut capital expenditure, both of which reduce the need for new bond sales, according to chief financial officer Jakob Staus-holm. He also pointed to the century-old conglomerate's plans to sell its energy business as a complication that makes now an awkward time to tap debt markets.