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Fruitnet.com Staff

BY FRUITNET.COM STAFF

Maersk merger on cards for Damco

Damco's logistics business looks set to be merged into Maersk Line, reports ShippingWatch

Maersk merger on cards for Damco

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Damco's days as an independent brand could be numbered, reports online industry publication ShippingWatch

Maersk sources told the website that Damco will probably cease to exist as an independent unit following Maersk's overhaul of its entire business structure, details of which are due to be released next week.

Maersk's reorganisation involves merging its logistics business, according to ShippingWatch's sources, who revealed that Damco's status as an individual business and brand has taken centre stage in recent efforts to create a stronger and more stream-lined Maersk.

Maerk's restructure announcement next week will mark the preliminary culmination of a two-year process to overhaul the shipping and oil group, ShippingWatch said.

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