Maersk establishes new core business unit

Starting January 2014, the Maersk Group will establish a new core business unit with its own CEO, involving the companies Maersk Supply, Maersk Tankers, Svitzer, and Damco. The move expands the number of core units from four to five. (updated)

From 2014 there will no longer be just four core business units at A.P. Moeller-Maersk; there will be five, as a new core business unit will be established in January 2014 under the name "Services & Other Shipping." The new unit will have its own CEO and will include Maersk Supply Service, Maersk Tankers, Svitzer, and Damco, with a combined target of achieving a USD 0.5 billion NOPAT by 2016, according to the Group's 2nd quarter interim report 2013.

Already a subscriber?Log in here

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.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading

Foto: Bhp/Reuters/Ritzau Scanpix

Peter Twiss resigns as CEO of Oldendorff

For subscribers