Safmarine moves in with Maersk
IOL Business - Feb 1st 2012, 08:19
The Safmarine shipping line – whose ships are a familiar sight entering and leaving Cape Town, Durban and Port Elizabeth harbours – no longer has a separate corporate structure from the Danish Maersk line, whose owners, the AP Moller-Maersk group, bought it from Safren and Old Mutual in 1999.
But it would continue to function as a separate brand from the Maersk line, its new chief executive, South African Grant Daly, added yesterday.
It would continue to employ 1 400 people in 130 countries, and to carry exports ranging from fruit and vegetables to chemicals, clothing and footwear all over the world, with increasing business between emerging economies including the Brics (Brazil, Russia, India, China and South Africa) bloc.
Daly said that although Safmarine was moving its head office from Belgium this week to share that of Maersk in Copenhagen, it would continue to exist as a separate brand within the group and its relationship with customers would be unchanged.
The decision to cut costs by ceasing to maintain separate head offices in two different European countries and to combine corporate functions, such as human resources, had been taken in view of the “challenging” economic conditions in the euro zone and concern that renewed growth in the US “may have been overstated”.
The headquarters of its South African operation would remain in Cape Town, in the offices in the V&A Waterfront to which it moved several years ago from nearer the city centre.
Value Group slips amid weak economic growth
19/10/2017 - 08:38
Supply chain and logistics company Value Group says weak economic growth has hurt first-half revenue.
SA road freight industry undergoing ‘tech disruption'
30/03/2017 - 15:26
Transparent pricing and improved competitiveness welcomed.
Transnet partners with GE Transportation to digitise SA supply chain
21/11/2016 - 08:33
Transnet, the custodian of South Africa's rail, ports and pipeline networks, has partnered with GE Transportation to create a digital solution connecting shippers and transport operators seamlessly and enabling the efficient transportation of goods.
How Uber plans to disrupt SA's delivery industry
03/10/2016 - 11:26
Food delivery app UberEATS launched on Wednesday and the company behind the ride-sharing app is confident the service will disrupt the food industry, and possibly other sectors as well.
Optimising the supply chain for sustainable business growth
06/09/2016 - 15:44
When looking ahead at the various business challenges facing South African companies, particularly with regards to sustainability, it is useful to look back and briefly chart the most significant changes and trends. In the late eighties and early nineties, we witnessed the emergence of the 'one world' economy - which coincided with the arrival of the internet and rapid digital transformation. The resulting changes triggered quantum leaps in global trade and duly affected national and regional economics, politics and business practices.