Maersk Acquires Senator International
Shipping giant Maersk has this week completed its acquisition of Senator International, a high-profile international freight forwarding company. The move sees Maersk further expand into the realm of integrated logistics with more multimodal solutions available to clients.
The acquisition will allow Maersk to utilise Senator International’s air freight network which comprises Senator-owned aircraft and long-term partnerships with other air freight providers.
It is expected that Maersk will use the acquisition as an opportunity to increase its portfolio of products on offer to customers, with the integrated logistics angle being a key selling point.
The acquisition comes at a time of widespread congestion and delays in international shipping due primarily to the after-effects of the Covid-19 lockdowns. As a result, an increasing number of businesses have been seeking an alternative means of forwarding freight across the globe.
Commenting on the acquisition, Vincent Clerc, CEO of Ocean & Logistics at A.P. Moller-Maersk, said:
“We are delighted to welcome the Senator team to our Maersk family. As a global provider of integrated logistics, we are improving our ability to provide end-to-end solutions to our customers.
With Senator on board, we are ramping up our air freight capacity, network, and know-how significantly to cater even better to our customers”.
Maersk has stated that it intends to have approximately one third of its annual air tonnage carried within its own controlled freight network, which will be achieved through a combination of owned and leased aircraft.
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- Adrian Scales