AP Moller-Maersk will be not be pursuing any billion-dollar takeovers in the foreseeable future.
The Danish shipowner and operator is preferring to focus on niche acquisitions rather than the kind of blockbuster deal that saw it buy boxship rival Hamburg Sud for $4bn in 2017.
Maersk announced on Monday it would pay $279m for Swedish customs processing company KGH Customs Services.
