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>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 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

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >