Maersk reports big growth in logistics – but very little came from new acquisitions

The revenue at Maersk's logistics business grew by 38 percent in the second quarter, but only two percent of the growth comes from the company's new acquisitions. The shipping line has bought five logistics companies since February 2019. Two of them were announced Friday.

Vincent Clerc is CEO of Maersk's Ocean & Logistics business | Photo: PR / Maersk

The overflowing container market, marked by rising freight rates and growing demand for sea freight between Asia and the US in particular as well as pressure in the logistics chains, has in several cases frustrated freight costumers while conversely filling up the money tank at Maersk.

Maersk's second quarter report is a testament to this fact, and when it rains dollar bills on the container business (Ocean), it drips on the logistics and service business, shows Maersk's report.

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