THE Maersk group plans to
expand its land-based activities to meet growing demand from customers by
targeting takeovers outside the maritime industry, Bloomberg reports.
The group's chief financial officer
Jakob Stausholm said: "We're currently very big in the ocean
segment, and we'd rather grow in non-ocean, so it may be a good idea to look
for M&A targets there.
Maersk is in the midst of offloading
its energy business and last year finalised its takeover of Hamburg
Sud to now command one-fifth of the container shipping market.
Maersk says it wants to be part of further consolidation, but analysts caution
it may face regulatory complications.
The CFO said that the world's
largest container shipping company is expanding its competitive universe to
include different types of companies, including FedEx Corp and UPS
Inc.
"We're not going to be direct
competitors to FedEx and UPS, but we will see them as peers,"
he said. "They are the global integrators in their industries and we want
to become that in our industry."
The CFO declined to identify what specific parts of the
land-based logistics chain Maersk may target for mergers and acquisitions. He also said it may take some time before the group
makes such acquisitions because the Copenhagen-based company is still focusing
on getting its transport units to work more closely together.
From now on, the carrier will report
revenue based on its ocean and non-ocean operations, with the latter including
the logistic service activities and the port terminals. In 2017, non-ocean
revenue accounted for 28 per cent of its turnover.
Source : HKSG.
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