ShippingWatch

Maersk company has halved staff, closed two factories and focused the business: "These were not easy decisions"

With Sean Fitzgerald at the helm, Maersk Container Industry has closed two factories, more than halved its staff and phased out dry containers. The CEO now reports of a full factory for the coming months and a strong reefer market in an interview with ShippingWatch. The company was recently rumored as a possible sales asset.

In 2018, Sean Fitzgerald took over as new CEO of Maersk Container Industry. Since then, the company has undergone extensive changes. | Photo: Maersk Container Industry

Three years after Sean Fitzgerald took over as CEO of Maersk Container Industry and launched far-reaching cuts in Maersk's container division, the business of manufacturing new refrigerated containers is currently operating full steam ahead.

The so-called reefers are currently Maersk Container Industry's core product, as the result of a major change, which has offered two noteworthy factory closures, a farewell to more than half of the employees and a phasing out of dry containers, leaving remaining activities to designing, producing and servicing refrigerated containers.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

New Pacific Basin CEO presents strategy in first public appearance

Martin Fruergaard has presented his key strategy in his first public appearance as the new CEO of Hong Kong-based Pacific Basin. The dry bulk operator has posted unusually strong half-year results on the back of a market upturn that by all appearances has only just begun.

Finnlines sees gains despite Covid-19 restrictions

Ferry and RoRo operator Finnlines saw growth in several areas in the second quarter of the years although the Covid-19 continues to put pressure on the passenger business. Larger cargo volumes helped boost the revenue.

Further reading

Related articles

Trial banner

Latest news

See all jobs