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Lockdowns lock out Africa from trade stimulus bonanza, says Maersk

By Xolisa Phillip, in Johannesburg
Posted on Tuesday, 23 February 2021 19:07, updated on Thursday, 25 February 2021 03:39

Maersk managing director for Africa David Williams. © Maersk

Maersk navigated the rough supply chain shocks delivered by Covid-19 to post a profit of $2.9bn for 2020 and generated almost $40bn in revenue, but experienced volume contractions in Africa.

Headquartered in Copenhagen, Denmark, Maersk is a logistics company that deals in shipping, terminals and towage, logistics and services, and supply chain management, as well as air freight.

Maersk’s geographic footprint encompasses Africa, the Americas, Asia and Europe.

In Africa, Maersk has subsidiaries in South Africa, Angola and Nigeria. The group operates in 50 ports on the continent.

Mixed fortunes

The past year was one of mixed fortunes, defined by contrasting performances in the first and second half. “As the pandemic spread, it had an impact on volumes being shipped in the second quarter,” says David Williams, the Maersk managing director for the Africa region.