Container

Hamburg Süd synergies help Maersk in risk-fraught market

Maersk now expects that the Hamburg Süd acquisition could produce more than USD 500 million in synergies. Meanwhile, the global container market faces a slowdown and a series of risks. "We don't have high expectations for growth," says CEO Søren Skou.
Photo: Ritzau Scanpix/Søren Bidstrup
Photo: Ritzau Scanpix/Søren Bidstrup
BY TRINE VESTERGAARD, SØREN PICO & TOMAS KRISTIANSEN

The acquisition of German liner company Hamburg Süd is starting to really impact Maersk's container business – and the Danish shipping group now raises its expectations for how much money can be made from savings in 2019 from the USD 4 billion purchase.

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