Analysts: Maersk should sell Damco remnants

Sell the remnants of freight forwarder Damco to buffer the bottom line, say investors and analysts to Maersk.

Photo: Maersk Line

Several analysts and investors are urging Danish maritime group Maersk to divest the remnants of its struggling freight forwarder Damco, claiming its benefits are limited.

"Damco is such a small part of the business that it does not make sense to keep it. There is still uncertainty around the balance, so the smart move would be to sell," says David Kerstens, analyst at US investment bank Jefferies.

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