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Maersk: Damco is a core business

Damco is a core business that Maersk still believes in - in spite of the difficulties of turning the negative development around.

Photo: Århus Havn

"Damco is part of Services & Other Shipping, a strategic core business in Maersk Group. When Maersk disclosed its 2. quarter financial results, Group CEO Nils Smedegaard Andersen expressed confidence that the current restructuring of Damco will lead to better results," says Maersk in an email to ShippingWatch as a comment on many container carriers' decisions to divest their logistics businesses.

According to a study published by analysts Alphaliner on Tuesday, the many divestments in the container industry - in addition to raising liquidity for their financially struggling carriers - have illustrated an absence of the financial gains expected from operating a carrier as well as a logistics company.

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