COPENHAGEN: Maersk , the world's biggest shipping company, plans to focus on premium services such as cold storage and digital solutions to avoid competing with its own freight-forwarding clients as it expands in the land transportation business.
While Maersk moves around one in five containers shipped at sea, it handles land transportation from ports to warehouses and distribution centers for less than a quarter of its customers. "Compared to the other shipping lines, our share of the inland business is lower percentage-wise," Engelstoft said.Rather than investing in freight trucks and threatening the core business of large freight forwarding companies - many of whom are Maersk's own customers - Engelstoft pointed to so-called 'cold chains' as a more attractive investment.
Engelstoft mentioned that Costa Rica, a major exporter of pineapples and bananas, could benefit from a cold chain between its banana plantations and Maersk's recently inaugurated container terminal on its Caribbean coast.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTimes - 🏆 15. / 51 Read more »