Skou after year with low acquisition activity: "We're ready now"

2020 will be characterized by acquisitions and expansions at Maersk, which plans to be competitive on land in all markets by 2023. "We're starting to have it slightly more under control," says Chief Executive Officer Søren Skou.

Photo: PR / Maersk

After more than three years of tentative efforts, A.P. Møller-Maersk is now ready to set all sails in on expanding its onshore logistics business, says CEO Søren Skou following a 2019, which, despite an interest in making acquisitions, only led to one small acquisition being carried out.

"One may think that it has taken a long time, but the fact is that we're ready now. I think that in the coming quarters and years, one will see us being active on the acquisition side in logistics and services," says the Maersk CEO.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs