Knights of Old enters administration
The parent company of the UK’s most recognised haulage name – Knights of Old – ...
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One of the more intriguing aspects of Maersk Group’s rationalisation of its Transport and Logistics division is the future strategy of sport operating unit APM Terminals. Clearly the Maersk executive board has decided on a change of course from that devised by previous AMPT chief executive Kim Fejfer, characterised by a seemingly relentless investment in key emerging markets, such as Nigeria, Russia, India and so on … which brought mixed results, as the growth in those has rarely been consistent. Since his replacement by Morten Englestoft, there has been an obvious willingness to divest operations deemed not profitable enough, which may well have applied to its Indian portfolio. However, as this report from India’s best business daily, The Hindu, explains, exiting the Indian market can often be almost as problematic as entering it.
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