Maersk to form joint venture with Grindrod in South Africa

Maersk has proposed a joint venture with Grindrod in South Africa, as it looks to improve its offering of logistics solutions, hoping to enable customers to access end-to-end supply chain solutions.

Through the potential agreement, the logistics activities of Grindrod Intermodal business and the ocean activities of Ocean Africa Container Lines (OACL) will complement Maersk’s current Ocean capabilities and its Logistics and Services segment.

Maersk will have a 51% share in this proposed joint venture which will increase access to landside infrastructure and capabilities which are critical to delivering reliable logistics solutions.