A.P. Moller – Maersk has announced the start of a new financial reporting structure from Q1 2018 to support its strategic direction towards becoming the global integrator of container logistics.
The four new business segments — Ocean, Logistics & Services, Terminals & Towage and Manufacturing & Others — are aligned with the strategic focus on growing the non-ocean, end-to-end goods delivery part of the business.
The Danish business conglomerate, which controls the world’s largest container shipping company — Maersk Line, set out its vision to expand with a FedEx or UPS-style service during a presentation in February by its CEO Søren Skou.
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Maersk recently announced that it was accelerating the integration of its global container logistics with a change in the company structure.
Skou commented: “The new format reflects that we are an integrated global container transport and logistics business focusing on our customers’ value chains, and it allows us to follow our progress, particularly in those parts of the business which are not purely ocean freight, which we need to grow in order to minimise the cyclical part of our business.”