Maersk Set To Form Joint Venture With Grindrod In South Africa

A.P. Moller – Maersk will be partnering with Grindrod Limited, in order to provide logistics solutions which will be enhancing the position of the world’s largest container line as a global logistics integrator in South Africa.

Maersk Set To Form Joint Venture With Grindrod In South Africa
Courtesy: Maersk

Also Read: Maersk Rape Case: USMMA Midshipmen Write Letter Against The Suspension of Sea Year

As per the proposed joint venture, the ocean activities of Ocean Africa Container Lines (OACL) and the logistics activities of Grindrod Intermodal business will be complimenting Maersk’s current ocean capabilities, logistics and services which will be enabling customers to have a seamless access to a wider range of end-to-end supply chain solutions.

The new joint venture is aimed at increasing the access to landside infrastructure and capabilities which are primarily important in delivering reliable logistics solutions and Maersk will be the majority shareholder, holding 51% of stakes in the joint venture.

Jonathan Horn, the Area Managing Director at Maersk Southern Africa and Islands said, “We are looking forward to partnering with Grindrod in this proposed joint venture, so that we can offer our customers even better value and true end-to-end integrated logistics solutions in South Africa. We will have a far greater ability to seamlessly integrate solutions between ocean and the landside whilst weaving into our organization an increased capability and experience through colleagues from Grindrod.”

You Might Also Like: Maersk Drilling Set To Merge With Offshore Driller Noble Corporation

The venture will further be creating a base for growth, thus enabling Maersk in excelling at logistics and services products fulfilling via serving customers better through intermodal solutions in warehousing, trucking, ocean feedering, rail and depots, said Maersk.

Xolani Mbambo, the CEO of Grindrod Freight Services said, “Our combined service offering will provide further flexibility and will ultimately contribute to making a positive difference in South Africa’s trade with the world.”

Execution will be done by the proposed new joint venture after the deal is closed which is subject to regulatory and competition law approvals. Prior to which, customers will continue working both Maersk and Grindrod separately, as usual.

Leave a Reply

Your email address will not be published.