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            october 23, 2019

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Busworld 2019

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Maersk looks beyond box shipping to boost turnover


Maersk chief executive officer Soren Skou is aiming for half of the company's revenue to be generated by activities other than container shipping within "a couple of years", up from 20 per cent at present, he told The Wall Street Journal in an interview.
According to Mr Skou, less than a quarter of the company's shipping clients hire it to transport goods from ports to warehouses and distribution centres.
Maersk is targeting areas such as warehousing, supply chain management and customs brokerage to boost turnover, reported American Shipper.
Mr Skou also said that the company is a big player in vertical markets such as retail but intends to broaden its role in the chemical and automotive industries.

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