News & Publications
Maersk Line Changes for 2020
Maersk Line, one of the largest container shipping companies in the world, has announced they will stop buying vessels (for now) and plan on expanding their scope to inland services (warehouses/customs house clearing services) as part of their long-term growth. They are already three years into this venture and have invested close to $1 billion, with plans to invest on even more in the future. Since they started, inland sales are still only a small portion compared to the profit from their ocean services. Maersk’s goal will be to have their inland (non-ocean services) profit to be half the income for the company. Being a small fish among whales such as Kuehne+Nagel, DHL, and Ceva Logistics, who already have hundreds of warehouses globally, they are determined to get to the same level as these competitors. With a name as big as Maersk’s in the logistics industry, we can expect them to reach this goal in no time.
Contributor: Minji Park
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