November 20 - The UK based Financial Times newspaper has reported that Danish oil and shipping group AP Moller-Maersk will not invest significantly in its shipping business over the next five years and will focus on its oil, drilling rigs and ports.

"We will move away from the shipping side of things and go towards the higher profit generators and more stable businesses," Maersk ceo Nils Andersen told the newspaper.

"Over the next five years, we are not going to invest significant amounts in Maersk Line. We have sufficient capacity to grow in line with the market," Andersen said.