Maersk is considering to expand to targets outside the shipping industry, in an attempt to position itself into a new competitive area, alongside giants of the industry, over the next three to five years.
Jakob Stausholm, Maersk’s chief financial officer and head of transformation and strategy, spoke to Bloomberg and said that Maersk considers this strategy to meet with its clients demands.
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Maersk currently owns 20% of the container shipping market and wants to expand, but a shift in land can face regulatory obstacles. Mr. Stausholm said that if that happens, Maersk will consider companies in this industry like FedEx and UPS as peers and not as rivals.
Furthermore, he didn’t identify specific areas in which Maersk may expand, noting that such an action can take quite a long time, because currently the the company is focused on its transport units.
