Shipping group Maersk continues shopping spree after strong earnings

📆 06/08/2021 14:56:00
📰 Reuters

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Maersk announced it had bought two e-commerce companies and said more acquisitions were coming soon as the world's biggest container shipping line boosts its bet on land-based services

It bought Visible Supply Chain Management and B2C Europe, both specialised in e-commerce, for a combined enterprise value of $924 million, Maersk said.

While container shipping, which accounted for 73% of revenue last year, will continue to be at the centre of the company, land-based services such as shipments from factories, customs services and warehousing will be its growth engine.Shipping containers are transpoted on a Maersk Line vessel through the Suez Canal in Ismailia, Egypt July 7, 2021.

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Maybe another shipping service to help compete against UPS & FedEx ?

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