Maersk to Merge Damco, Ocean Product Units

(Photo: Eric Haun)
(Photo: Eric Haun)

A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world.

The operator of Maersk Line, the world's largest container shipping company, kicked off a restructuring drive in 2016 that saw it sell its oil and gas business last year to focus on transport and logistics business.

Maersk said its latest change would take effect on January 1, 2019, and be headed by Vincent Clerc, Maersk's chief commercial officer.

Damco CEO Klaus Rud Sejling will take on a new position as head of Maersk's logistics and services products, reporting to Clerc, Maersk said.

In addition to Maersk Line, Maersk includes port operator APM Terminals, freight forwarder Damco, towage company Svitzer and container manufacturer Maersk Container Industry.

After selling its oil and gas business to Total SA, Maersk sold its oil tanker unit. It has also announced plans to list its offshore drilling business in Copenhagen.


(Reporting by Jacob Gronholt-Pedersen and Emil Gjerding Nielson)

Current News

DOF Hooks FPSO Installation Job Off Africa

DOF Hooks FPSO Installation Jo

Brava Energia, Shell Agree Oil Sale from Atlanta Field

Brava Energia, Shell Agree Oil

OKEA Takes Stake in Aker BP-Operated Tverrdal Prospect in North Sea

OKEA Takes Stake in Aker BP-Op

First Foundations for 1.6GW German Offshore Wind Project Reach Dutch Port

First Foundations for 1.6GW Ge

Subscribe for OE Digital E‑News

Offshore Engineer Magazine