Advertise with

Safmarine moves in with Maersk
Safmarine moves in with Maersk

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.  

Related News

The future of logistics depends on four key elements: customer-centricity, sustainability, technology and people
01/10/2018 - 09:32
DHL, the world’s leading international express services provider, showcased the key trends that could impact the logistics industry in the next five to ten years, at an event held in Sandton, Johannesburg on Thursday 20 September.

Pargo partners with The Body Shop and grows pick-up point network to 1,500 stores
12/06/2018 - 13:38
Pargo, South Africa’s leading smart logistics company, recently announced a partnership with The Body Shop that will enable consumers to use The Body Shop stores as parcel drop-off and pick-up points.

DHL introduces the next evolution in international shipping
07/06/2018 - 12:25
DHL, the world’s leading international express delivery services provider, has unveiled MyDHL+, an industry-leading global shipping application that brings new levels of speed and simplicity to the often confusing and complicated cross-border shipping process.

Cross-border e-commerce: Barriers and solutions
10/04/2018 - 10:29
It’s about the lifestyle you are selling, not your product.

Blockchain technology and the logistics industry in South Africa
26/03/2018 - 08:38
Blockchain technology has been something of a tech buzzword of late, especially due to all of the publicity around Bitcoin in recent months. While cryptocurrencies are the best-known use of blockchain as far as most people are concerned, its uses outside of financial transactions haven’t failed to be noticed, and it is something that is now being leveraged heavily in the logistics industry.