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Maersk to focus on transport and logistics

COPENHAGEN: September 22, 2016. Following a strategic review of its operating companies, the A.P. Møller - Mærsk Group is to establish two divisions: Transport & Logistics and Energy.

Maersk Transport  LogisticsThe former will include Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry. The latter division will consist of Maersk Oil, Maersk Drilling, Maersk Supply Service and Maersk Tankers.

In a nod to the current price of oil and future industry direction, A.P. Møller - Mærsk said its "main focus going forward" would be delivering best in class transportation and logistics services as an integrated company.

The Group said its oil-related businesses would 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," it added.

A.P. Møller - Mærsk said expected cost synergies from better utilization of its existing transport and logistics assets will improve the return on invested capital by two percentage points over three years beginning in 2017.

Maersk EnergyTo help achieve this goal it said Maersk Line will grow its market share organically and via acquisitions; APM Terminals will focus on cost and utilization; Damco and Maersk Line will make significant investments in customer-centric digital technology; Svitzer will explore synergies with APM Terminals and Maersk Line; and Maersk Container Industry will collaborate with Maersk Line on technology development.

Søren Skou, CEO of the A.P. Møller – Mærsk Group and also head of the new Transport & Logistics division, said the new entity would be able to provide world-class digital solutions for customers, "while at the same time capture functional cost synergies and better utilization of existing assets."

Ane Mærsk McKinney Uggla, chairman of A.P. Møller Holding added: "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."

For the first six months of 2016, businesses making up the planned Transport & Logistics division produced revenue of US$13.6 billion compared to US$4.2 billion from companies in the proposed Energy division.

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