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>


<< Mar 2018 >>
26 27 28 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

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >