Denmark's Maersk closes acquisition of Senator International

06 Jun '22

2 min read

Pic: Maersk

Denmark’s Maersk has acquired Senator International, a global company in freight forwarding. The acquisition will enable Maersk to offer a wide range of products and the ability to provide flexible and integrated logistics solutions to its customers. It will allow customers to speed up or slow down cargo depending on their changing supply chain needs.

Senator brings with it a strong organisation and a well-developed airfreight network comprising own controlled flights and long-term partnerships with best-in-class airlines, a well-established full container load (FCL), and less than container load (LCL) network and specialised services such packaging, warehousing and distribution across five continents, Maersk said in a press release.

In the past two years, knock-on effects of COVID-19 have led to widespread congestions and production issues. As a result, more customers are requesting alternative means of cargo transportation. Senator will add its broad industry expertise and product knowledge to Maersk’s existing network and thus provide customers with increased flexibility and redundancy in their supply chains.

Senator’s deep experience and solid transport network will be key to the continued joint success, and it will bring new opportunities to the customers under the Maersk brand. Maersk’s ambition is to have approximately one third of the annual air tonnage carried within its own controlled freight network, which will be achieved through a combination of owned and leased aircraft. The remaining capacity will be provided by strategic commercial carriers and charter flight operators.

“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 for our customers,” Vincent Clerc, CEO of Ocean & Logistics, Maersk, said in a press release.

“By joining Maersk, our customers will have access to a broader portfolio of products for their business needs and provide them with a single point of contact. It’s a perfect match, and we are really excited about the next chapter in our united journey,” Tim-Oliver Kirschbaum, CEO of Senator, said.

Fibre2Fashion News Desk (GK)

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