Maersk has extremely low operating expenses compared to its competitors
They also want a low-cost supplier, Snabe said, with Maersk having some of the lowest operating expenses in the industry. It reported per unit transport costs of $907 per twenty-foot equivalent (TEU) for 2018. In comparison, Cosco reported per unit transport cost of $782 per TEU last year.
The ocean segment, though, remains dependent on volatile freight rates and fuel prices. It also offers the lowest return on investment compared to Maersk’s other businesses. As such, the company remains on the hunt for additional acquisitions in transportation and logistics.
Maersk announcing further acquisitions to guarantee future growth
He said the company will look at focused acquisition opportunities such as the transaction for Vandergrift, which Snabe said allows Maersk “to remove that complexity for customers.”
“These are areas with good growth and profitability and, thus, important growth areas for Maersk,” Snabe said. “Our ambition is to grow our business in these areas significantly in the coming years.”