Maersk seeks a sustainable box shipping model
With its intentions now set on integrating container logistics, Maersk is moving its focus from the cyclical container shipping sector to secure better returns
Maersk built its scale on the back of its container shipping business. With its new logistics integrator model, ocean freight will now play a support role to its wider ambitions
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It is four years since Maersk began its corporate transition. It has now set targets for its logistics business to grow by 10% a year while increasing the company’s profitability
Maersk bet the farm on selling off non-core assets and focusing on container logistics. The gamble appears to have worked, with the company’s ocean customers voting with their wallets by taking up its logistics services
An exceptional market situation continues to drive demand and freight rates during a period of bottlenecks and shortages. The disruptions are set to continue into the fourth quarter
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