Maersk's ambitious logistics plan is rolling backwards

If shipping operations are to comprise only half of revenue in 2023, more growth is needed within ports as well as logistics and services, according to Maersk CEO Søren Skou. The first quarter saw the new business area once again going the wrong way.

Photo: Niels Christian Vilmann//

Søren Skou needs more growth in his land-based business area if the overall goal to gain only half of the group's revenue directly from shipping operations by 2023 is to be achieved.

The Maersk CEO acknowledged as much at a press meeting, after the numbers for the non-Ocean business of logistics and services once gain moved in the wrong direction in the first three months of the year.

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