Maersk Reorg Helps Customers, Leaves Room For Deeper Liner Integration — Panjiva


Maersk Reorg Helps Customers, Leaves Room For Deeper Liner Integration

Corp - Forwarders 157 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Maersk has announced that the latest phase of its restructuring will include a split in Damco’s operations into internal and external facing forwarding services as well as an integration of SeaLand, MCC and Seago. The move will help customer services but may not boost short-term profits. Maersk, in common with the other liners has seen a drop in profitability (EBITDA margin) to 9% in 2Q from 14% a year earlier. Maersk Line’s share of Damco’s volumes fell to 25% in terms of U.S.-inbound freight in the past 12 months from 30% two years earlier. Combining Maersk Line with Hamburg Sud, SeaLa...

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