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

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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2 Comments

  1. Avatar
    Wim de Vriend
    June 27, 2019 at 10:42 pm

    Is it landside or landslide? They are not the same.

  2. Avatar
    Jan Uary
    June 28, 2019 at 2:18 am

    I know a shipping company that’s been doing that for years, it starts with M, too.