No longer standalones, APMT, Damco to join transport division to synergise
RATHER than standalone units like APM Terminals (APMT) and Damco, forbidden to acknowledge their Maersk parentage, Maersk group has now put them into one division with Maersk Line to better synergise one another.
Maersk Line will form the core of the group's new Transport and Logistics Division that will also include APM Terminals, Damco, harbour towage and salvage business of Svitzer and container maker Maersk Container Industry (MCI).
The move is a big change APM Terminals, which stressed vigorously that it was an independent business, operating on arm's-length principles separately from Maersk Line, reports Alphaliner.
The new Transport and Logistics division will focus on growth and achieving synergies among its various related business units, which will also include combining various back-room functions.
In order to gain additional volumes from Maersk Line for APMT's terminals, the group suggests that the previous arms length deals between the two, done on market terms, will be reversed.
Maersk's new focus will be on "gaining market share organically" under the new strategic plan unveiled by the group's new CEO Soren Skou, who replaced Nils Andersen at the end of June.
Most of Maersk's "organic growth" market share gains will have to come from taking it from rivals, said Alphaliner.
The new strategic plan suggests that the carrier aims to achieve it organic growth targets by acquiring existing tonnage or through increasing the number of chartered ships.
But "building new ships is not the way to go", and new investments would be focussed on acquisitions, according to the new plan, which stresses growth will be based on its "costleadership position" that has already given the carrier a five per cent pre-tax profit advantage over the industry average.
The group's oil and gas related businesses will be transferred to a new Energy division. The new Maersk structure was unveiled following a three-month strategic review that was initiated following the departure of former Group CEO Nils Andersen at the end of June.
RATHER than standalone units like APM Terminals (APMT) and Damco, forbidden to acknowledge their Maersk parentage, Maersk group has now put them into one division with Maersk Line to better synergise one another.
Maersk Line will form the core of the group's new Transport and Logistics Division that will also include APM Terminals, Damco, harbour towage and salvage business of Svitzer and container maker Maersk Container Industry (MCI).
The move is a big change APM Terminals, which stressed vigorously that it was an independent business, operating on arm's-length principles separately from Maersk Line, reports Alphaliner.
The new Transport and Logistics division will focus on growth and achieving synergies among its various related business units, which will also include combining various back-room functions.
In order to gain additional volumes from Maersk Line for APMT's terminals, the group suggests that the previous arms length deals between the two, done on market terms, will be reversed.
Maersk's new focus will be on "gaining market share organically" under the new strategic plan unveiled by the group's new CEO Soren Skou, who replaced Nils Andersen at the end of June.
Most of Maersk's "organic growth" market share gains will have to come from taking it from rivals, said Alphaliner.
The new strategic plan suggests that the carrier aims to achieve it organic growth targets by acquiring existing tonnage or through increasing the number of chartered ships.
But "building new ships is not the way to go", and new investments would be focussed on acquisitions, according to the new plan, which stresses growth will be based on its "costleadership position" that has already given the carrier a five per cent pre-tax profit advantage over the industry average.
The group's oil and gas related businesses will be transferred to a new Energy division. The new Maersk structure was unveiled following a three-month strategic review that was initiated following the departure of former Group CEO Nils Andersen at the end of June.