Ocean Carriers

Maersk to Split Transport and Energy Business Units

Maersk to Split Transport and Energy Business Units
Danny Gill

A.P. Moeller-Maersk A/S have announced that they will be splitting their portfolio of businesses into two independent divisions; an integrated Transport & Logistics division and an Energy division.

The main growth focus of A.P. Møller – Mærsk A/S going forward will be delivering best in class transportation and logistics services as an integrated Transport & Logistics company. The focus will be placed on the comprised businesses of Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry.

The Board of Directors expect that the oil and oil related businesses in A.P. Møller – Mærsk A/S will require different solutions for future development including separation of entities individually or in combination from A.P. Møller – Mærsk A/S in the form of joint-ventures, mergers or listing. Depending on market development and structural opportunities, the objective is to find solutions for the oil and oil related businesses within 24 months.

Chairman of the Board, Michael Pram Rasmussen says: “The industries in which we are operating are very different, and both face very different underlying fundamentals and competitive environments. Separating our transport and logistics businesses and our oil and oil related businesses into two independent divisions will enable both to focus on their respective markets. This will increase the strategic flexibility by enhancing synergies between businesses in Transport & Logistics, while ensuring the agility to pursue individual strategic solutions for the oil and oil related businesses”.

Chairman of A.P. Møller Holding A/S, Ane Mærsk Mc-Kinney Uggla mentioned that, “historically the Maersk activities’ strategy and structure have always undergone changes. And these changes will continue in order to stay agile. While we are rooted in shipping and energy, we must never become static in a dynamic world. We therefore welcome the new strategy and structure announced.”

Ocean Carriers
Danny Gill

Danny is currently a Contributing Writer for Airfreight Logistics and Logistics Manager (LM) and is quite the foodie. He’s always on the hunt for new and exciting dishes to sample, and is never one to back down from a spicy challenge. His travels have taken him around the world, and he’s been able to experience many different cultures (and food).

More in Ocean Carriers

Xavier Destriau Appointed as Chief Financial Officer for Zim Integrated Shipping Services

Logistics ManagerMay 25, 2018
CNC Introduces New THX Service

CNC Introduces New THX Service

Danny GillMay 23, 2018
CMA CGM Welcomes President of Indonesia in the Port of Jakarta

CMA CGM Welcomes President of Indonesia in the Port of Jakarta

Logistics ManagerMay 18, 2018

WW Ocean Gets Ready to Rock n’ Ro-Ro

Phubet BoonrasriMay 15, 2018
Hapag-Lloyd Open New Office in Ghana

Hapag-Lloyd Open New Office in Ghana

Logistics ManagerMay 11, 2018

MSC’s Driven Approach for Engaged Employees Leads to Workplace Success

Phubet BoonrasriApril 27, 2018
CMA CGM to Power Future 22,000 TEU Vessels with LNG

CMA CGM to Acquire Stake in Ceva Logistics

Danny GillApril 20, 2018
New service cooperation with OOCL, Yang Ming Line and Gold star Line for north and central PRC to Vietnam and Thailand

RCL to Offer Twice Weekly Sailings for Laem Chabang – Jakarta

Danny GillApril 20, 2018
Yang Ming Forms Regional Hub in the Mediterranean

Yang Ming Forms Regional Hub in the Mediterranean

Logistics ManagerApril 9, 2018