Maersk Says Hamburg Süd Deal Will Cushion Spin-Off Effects

Image Courtesy: Hamburg Süd

Denmark’s A.P. Moller-Maersk expects the revenue generated through the recently acquired container carrier Hamburg Süd to compensate for around 60% of revenue loss after the spin-off of the company’s Energy division is completed, Sorens Skou, CEO of Maersk, was cited by Reuters as saying.

Hamburg Süd’s revenue in 2015 was around USD 6 billion, compared to some USD 9.8 billion Maersk generated via its Energy division in 2015, Skou said.

In total, Maersk generated around USD 40 billion in revenue in 2015.

Back in September, Maersk announced plans to split its portfolio of businesses into two independent divisions; an integrated Transport & Logistics division and an Energy division.

The group’s Transport & Logistics division will consist of Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry, based on a one company structure with multiple brands.

The Energy division will consist of Maersk Oil, Maersk Drilling, Maersk Supply Service and Maersk Tankers.

At the time, Maersk said that its oil and oil-related businesses would require different solutions for future development including separation of entities individually or in combination from the company in the form of joint-ventures, mergers or listing.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2017 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

10th annual Border Security Conference

The 2017 conference will possibly be the most relevant and topical event to date as we enter our 10th successive year. With the rise of cross…

read more >

4th Ship Recycling Congress

The two day conference will consist of a number of informative presentations followed by interactive Q&A sessions, panel discussions…

read more >

Maritime Reconnaissance and Surveillance Technology 2017

After last year’s huge success the SMi Group is proud to announce the 2nd Maritime Reconnaissance and Surveillance Technology. The event…

read more >

Euromaritime 2017

The Euromaritime event will take place in Europe for three days. This is one of the major and influential trade events dealing with marine…

read more >