fbpx
Saturday, October 24th, 2020
Home » Shipping » “You’re fired” – Maersk cans DB Schenker after it tries to poach Damco customers

“You’re fired” – Maersk cans DB Schenker after it tries to poach Damco customers

File Photo: Søren Skou, CEO, Maersk was personally involved in the decision to terminate the agreement with DB Schenker

PortandTerminal.com, October 17, 2020

Maersk has cancelled its agreement with DB Schenker after the German company attempted to poach customers from Damco | Also cancels their credit terms forcing them to pay cash for future bookings

COPENHAGEN – Maersk and DB Schenker have been embroiled in controversy after the German logistics company tried to poach Damco’s customers when Maersk announced that the forwarding company would be closed down as an independent company.

Søren Skou, CEO, Maersk – Photo: Casper Holmenlund

German media reports that CEO Søren Skou was personally involved in the decision to terminate the agreement with DB Schenker.

DB Schenker is reported to have sent a letter to Damco’s customers at the beginning of September with an offer to take over short term contracts on the same terms. DB Schenker was hoping to capitalize on the uncertainty amongst Damco customers as the company was being rolled up into Maersk.

“The last thing shippers need at present is further uncertainty. We are making an offer to all those now looking for long-term security and reliability ” commented Thorsten Meincke, board member for air and ocean freight at DB Schenker.

“If Maersk reacts and targets Schenker’s customers, it could be a proper world heavyweight fracas. Bring it on. It will be interesting to be a spectator” said an industry insider.

According to the German media Hansa International’s sources, DB Schenker’s attempt to poach Maersk’s customers so angered Skou that he also ordered the company’s credit service to be cancelled. DB Schenker now has to pay cash for each of its bookings according to Danish media source ShippingWatch.

Other articles you may find interesting

Copyright © 2020 PortandTerminal.com

Check Also

A man sells eels

‘Eating rats’: When the food runs out during a lockdown

REUTERS, OCTOBER 23, 2020 YANGON (Reuters) – After the first wave of coronavirus hit Myanmar …

President Donald Trump with Commerce Secretary Wilbur Ross

Trump’s Commerce Secretary Wilbur Ross is moving his factory to Mexico

BLOOMBERG, OCTOBER 23, 2020 Factory jobs still head offshore despite Trump promises By Shawn Donnan …