- 15 December 2016
- Transport / Logistics Services
The world’s largest container shipping line Maersk has announced plans to grow its operations by focusing on the demand for end-to-end services and thereby expanding its inland services. Chief Executive Søren Skou made the announcement to investors, analysts and bankers at the Group’s capital markets day.
In September this year, AP Møller – Maersk group announced plans to become an integrated transport and logistics company. It would separate out its Maersk Oil business. As part of this the shipping company plans to acquire Hamburg Süd.
Under the new strategy, Maersk Line, APM terminals and Svitzer will work on what they term a ‘pit stop’ strategy to make port calls more efficient.In addition, Damco, APM Terminals and Maersk Line will look at offering inland services – all customers need these but only 12% buy from the division.
Skou said: “Our unique position in transport and logistics gives us a solid starting point to build on. We will meet the needs of the customers for end-to-end services and by doing so we will improve returns though revenue growth, cost cutting and other benefits.”
Maersk said it also plans to digitalise “everything that can be digitalised” to provide online services to improve the customer experience and reduce costs.
Any need to build new vessels in addition to the current order book was brushed away, promising a lower level of capital expenditure in coming years. “The industry doesn’t need any more ships and we don’t need to build in coming years,” Skou said.
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