Acquisitions
Maersk is prepared to pay firm prices for acquisitions in the belief it can quickly ’supercharge’ growth at the companies, selling to Maersk’s 70,000.
Ocean clients
The price of its 2017 acquisition of Hamburg-Sud was recouped in 3.5 years.
Decarbonisation
Maersk expects 2% of volumes this year to be carried on group’s carbonneutral biodiesel ‘eco delivery’ service.
More than two-thirds of Maersk’s clients also have zero-emission policies in place with a 2030-2050 deadline Maersk confirmed it is prepared to sign long-term take-off deals and even invest its own money in green fuel to get projects off the ground, but it remains firmly an integrated logistics provider.
Fuel prices
All of Maersk’s contract business has fuel adjustment clauses, so exposure to bunker price increases is ‘not so significant’. As of August the group had 71% of long-haul volumes on contract Maersk now consumes 43% less fuel per container compared to 2008; this should increase to 60% by 2030.
Logistics business
The group expects to log close to USD 15 bn in logistics revenue in 2022, versus USD 9.8 bn in 2021.
The majority of growth has been organic rather than acquisitional (forecast 30% organic increase in logistics revenue in 2022).
For the last six quarters, the logistics EBIT margin has exceeded 6%.
Source: Alphaliner
