Skou sets 2021 target to raise landside business to 50% of revenues

Soren Skou, the head of A.P. Moller-Maersk, has outlined how he intends to get half his group’s revenues coming from landside activities within two years as the world’s largest containerline ramps up its logistics infrastructure.

In an interview with the Wall Street Journal (WSJ), Skou discussed plans to buy warehouses, container terminals and customs brokerage firms.

“Today up to 80% of our earnings comes from container shipping,” Skou said. “Hopefully a couple of years from now will be much closer to a 50-50 scenario between ocean and non-ocean services.”

Since he took over the famous Danish company three years ago, Skou has transformed the conglomerate, offloading its energy-related holdings to focus on containers and logistics. Skou told the WSJ yesterday he intends to complete Maersk’s makeover by 2021.