Klik venligst
danmarks-rederiforening.gif

Maersk CEO: No acquisitions in 2017

Maersk CEO: No acquisitions in 2017

18-01-2017 10:00:00


In the coming year Maersk will be so busy integrating Hamburg Süd into the business, it will not be eligible to participate in any further consolidation in the container sector in 2017. This is stated by Søren Skou, CEO of Maersk Group, in an interview with Bloomberg from the summit in Davos.

The number of consolidations among the container companies in 2016 surprised Søren Skou, CEO of Maersk Group.

"We were all very surprised by the number of consolidations in the last year. We saw a total of six transactions being announced during the year. We entered 2016 with 16 global container shipping companies of importance and about seven were either purchased or included in consolidations over the year," says Søren Skou in an interview with Bloomberg TV from the summit in Davos.
On Bloomberg's question about whether Maersk will participate in consolidations in 2017, Søren Skou said:

"We certainly need to absorb the acquisition of the Hamburg Süd, before doing anything else. We expect to have the authorities approval of the acquisition by the end of this year and then we can go ahead with integration."

So, Maersk will not look for new opportunities in the area until at least 2018 confirms Søren Skou in the Bloomberg interview.

Although the Maersk CEO expects that demand in the container market will increase slightly compared to last year, it does not necessarily mean that rates will continue the increase which has been seen since the price war culminated in March last year.

"What really matters to freight rates is the way shipping companies choose to utilize capacity. There is plenty of spare capacity in the market, so if you want to use more, you can easily do that," says Søren Skou.

Regarding Maersk Energy's future after the split between the group's energy and transportation companies, Søren Skou says that nothing has been decided yet, but that Maersk Energy is likely to be publicly listed.

Source: Maersk / Maritime Denmark


Klik venligst

< Front page

Copyright © Maritime Denmark



Breaking News

- Mayors to fight for DIS expansion
- J. Lauritzen advancing in difficult markets
- Norden loses on bulk – gains on tank
- Cyber-attack did not lead to loss of customers
- Swedish finding of object in submarine case
- "Submarine sunk due to deliberate action"
- Skou: 5-6 major carriers left in ten years
- Submarine sank after rescue operation
- Maersk Oil reported to the police
- Shipping greatly benefits Danish exports
- Cruise ships create profit for Copenhagen
- DanishShipping:DK must ensure sulfur police


Todays Top 5



This weeks Top 10

- Faroe Islands strives to become a hub
- Skou: 5-6 major carriers left in ten years
- "Submarine sunk due to deliberate action"
- 200 new jobs in Hvide Sande Harbor
- Swedish finding of object in submarine case
- Cyber-attack did not lead to loss of customers
- Vestas dismantles giant turbine
- Norden loses on bulk – gains on tank
- J. Lauritzen advancing in difficult markets
- Mayors to fight for DIS expansion
Klik venligst
Klik venligst
Klik venligst
Klik venligst