Maersk is in talks with Denmark's largest energy company, DONG Energy, to merge their oil-and-gas businesses, according to a report from Reuters.

The move marks part of the ongoing restructuring led by chief executive Soren Skou at the world's largest publicly traded shipping company as it sheds multiple business lines in order to simplify. Maersk has already signalled that it will hive off its containership, tanker and offshore vessel lines into separate businesses, along with a separation of the the APM Terminals business.

Maersk