Erria acquires Maersk activities in Vietnam

Erria has acquired APM Terminals' land-based activities in Vietnam together with its long-term Vietnamese partner, Saigon Shipping. The acquisition gives Erria a significant, immediate growth.

BY OLE ANDERSEN

Published: 31.05.13 at 10:22

Ship management and consulting company Erria will purchase APM Terminals' 51 percent ownership share in Vietnamese container service business APM-Saigon Shipping Limited Liability Company. According to a press release from Erria on Thursday, the company is the leading Inland Container Service provider in Vietnam, with approximately 300 employees handling around 350,000 containers a year in 10 different locations in Vietnam.

"This transaction gives Erria a significant and immediate growth and helps ensure that Erria executes its strategic growth ambition as presented at the general assembly in April. We are pleased with this long-term investment in Vietnam. In Erria Container Services, we've found a company with similar values and excellent management team," says CEO Henrik N. Andersen, Erria A/S, who points out that the acquisition will have a positive effect on Erria's revenue as early as this year.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

Access all locked articles
Receive our daily newsletters
Access our app

Start a free company trial today

"The challenges we face as an industry require more skills and competencies"

Foto: Lucy Nicholson/Reuters/Ritzau Scanpix

They are a generation of future maritime leaders shaped both by Covid-19 and shutdowns and now by a world filled with tension. Four potential future managers enrolled in the Blue MBA program give their take on why it is important to improve your skills.

Leading shippers prepared to pay 10% extra for sustainable transportation

Shippers are willing to pay more for ”green” transportation if it’s reliable. But they have to state their wishes more clearly, and prices have to be lowered, writes McKinsey in a new report, which provides suggestions for how to accelerate decarbonization.