• Home
  • News
  • A. P. Moller - Maersk to acquire Danish company Martin Bencher Group
  • 2022 August 5 16:57

    A. P. Moller - Maersk to acquire Danish company Martin Bencher Group

    A.P. Moller - Maersk (Maersk) has reached an agreement to acquire Martin Bencher Group, a Denmark-based project logistics company with premium capabilities within non-containerised project logistics, according to the company's release.

    Martin Bencher was founded in 1997 and is an asset-light logistics provider that specialises in project logistics. Martin Bencher’s core capability is designing end-to-end project logistics solutions for global clients, and the company´s competitive strengths include deep industry expertise, a solid track record, long-term stakeholder relationships as well as a highly skilled organisation.

    With the intended acquisition of Martin Bencher, Maersk will also introduce a new product, Maersk Project Logistics. Project logistics is a specialised service offering within the global logistics industry that covers the combination of solution design, special cargo transportation, and project management services - including detailed planning, orchestration, and sequencing of end-to-end shipments from suppliers to destination sites.

    Such service requires managed transportation capabilities with deep technical specialist knowledge around specific supply chain elements such as handling of oversized and special lift cargo, conducting road surveys, and delivery planning as well as offload and assembly of the equipment on sites.

    A strong project logistics solution offering is a key element for clients with logistics requirements for large scale projects across several industry segments, including renewable energy, pulp and paper, power generation, mining, automotive, aid and relief, government contracted logistics and industrial manufacturing.

    Together with the proposed acquisition of Martin Bencher, this will enable Maersk to significantly accelerate its project logistics capabilities and develop an unparalleled integrated offering to serve existing and future customers, also within new industries.

    The value of the transaction is USD 61m (enterprise value) post-IFRS 16 lease liabilities, reflecting an EV/EBITDA multiple of 7.1 based on estimated EBITDA for full-year 2021. Until obtaining all required regulatory approvals and closing of the transaction, Maersk and Martin Bencher Group remain two separate companies and thus will run their businesses independently as usual.

    Martin Bencher is a professional Project specialist with a global footprint, focusing on innovative, technical solutions in order to move oversized freight to destinations all over the world. The company transports cargo from various industries and specialise in the handling of project cargo – everything from Paper Mills to Power Plants, Renewables as well as Oil and Gas projects.

    A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. The company operates in 130 countries where it services more than 100.000 businesses and employs about 105,000 people.




2022 August 8

10:04 Geoizol wins tender for construction of infrastructure at Pionersky passenger terminal
09:16 Crude oil futures rise after a fall on August 5
08:57 MABUX: No firm trend in Global bunker market on Aug 08

2022 August 7

15:13 BPA calls for companies to join the Busan Port Overseas Market Expansion Project 2022
14:27 Wan Hai Lines holds online ship naming ceremony for new vessels
11:53 Keppel announces termination of contracts
09:49 INEOS at Grangemouth backs bid for Forth Green Freeport

2022 August 6

14:36 Announcement on execution of agreement regarding establishment of JVC with TOYO
12:31 Borr receives LOI for jack-up drilling rig
10:23 RightShip to acquire  Thynk Software’s maritime tech business

2022 August 5

18:27 Carnival Corporation upgrades global fleet with fuel- and energy-saving technology
18:07 Yilport breaks all-time container handling record in H1 2022
17:50 IAA PortNews’ summary of past week news
17:23 UK authorities give green light to the sharing agreement between P&O Ferries and DFDS
17:06 Montagu acquires Lloyd’s List from Informa
16:57 A. P. Moller - Maersk to acquire Danish company Martin Bencher Group
16:37 Three more ships receive the green light to leave Ukraine’s Black Sea ports on Friday
16:29 Throughput of port Kavkaz in 7M’2022 fell by 22% Y-o-Y to 12.5 million tonnes
16:13 Russia to spend $30 billion on Northern Sea Route by 2035 - Reuters
15:24 Yang Ming names new 11,000 TEU vessel, ‘YM Throne’
15:06 Shipping faces investment obstacles in low-carbon marine fuels - S&P Global
14:44 NSR development plan foresees completion of sea terminal for Pavlovskoye deposit development in 2025-2026
14:02 Kawasaki receives an order for an 86,700 m³ LPG-fueled LPG/ NH3 carrier
13:31 Two new ferries started delivering cargo from the port of Temryuk to the Turkish port of Samsun
13:12 Wilhelmsen joins industry partners to launch innovation competition to drive Diversity, Equity, and Inclusion
12:53 Kawasaki receives order for steam turbine generator from Taiwan
12:20 Tokyo MoU and Paris MoU launch joint concentrated inspection campaign ON STCW
12:06 Russia orders to set up new operator of Sakhalin-2 LNG project in three days - S&P Global
11:42 Railway link with Lugaport terminal opens in the port of Ust-Luga
11:20 Kalmar received order from Yilport for a total of 27 new mobile equipment
11:08 Austal Australia delivers 2nd Evolved Cape-class Patrol Boat to the Royal Australian Navy
10:27 WTI futures show fluctuations below $89 per barrel
10:06 Sinopec Fuel Oil remains China's top bunker supplier - S&P Global
09:45 Draft law on NSR passage regulations for foreign warships submitted to RF State Duma
09:28 ICTSI net income up 50% to US$294.5mln in H1 2022
09:07 CargoWise and ZIM connect to improve customer experience
08:57 MABUX: Global bunker prices may continue to decline on Aug 05
08:18 ABS publishes industry leading metadata best practices to support marine and offshore operations
06:34 Russia's Gazprom says other Nord Stream gas turbines also face sanctions block - S&P Global

2022 August 4

18:30 Naval Architect selected for UC San Diego’s new California coastal hybrid-hydrogen research vessel
18:04 International Chamber of Commerce calls for cautious optimism as markets begin to stabilise
17:51 Port of Riga expects record number of cruise ship calls during 2022 cruise season
17:48 DP World Southampton connects UK and central America with major new reefer service
17:26 Khersones sailing boat accepts on board more than 100 cadets for the second shift
17:02 Russia finds a new route to oil market via Egypt’s El Hamra oil terminal - Bloomberg
16:48 NSR development plan foresees annual cargo traffic of 220 million tonnes in 2035
16:45 Korea and China compete in the methanol-powered ship market - BusinessKorea
16:24 31 million tonnes of green methanol necessary to replace diesel fuel of North American fleet - The Blue Sky Maritime Coalition
16:12 WinGD’s most powerful engine passes upgrade Type Approval Test
16:00 Crude oil from the field is being received in a reduced mode at the CPC pipeline system
15:37 Cargo traffic within Azov-Don Basin of Russia’s IWW in 7M’2022 fell by 51% YoY to 2.25 million tonnes
15:13 NYK to participate in off-grid tidal energy demonstration in Singapore
14:46 MABUX: Bunker Weekly Outlook, Week 31, 2022
14:42 Xeneta issues real-time ocean freight update
14:25 Samus Shipbuilding and Repair Yard launches first non-self-propelled barge built for Norilsk Nickel
14:02 Sinopec Capital and Johnson Matthey explore strategic collaboration across decarbonisation and hydrogen technologies
13:41 Shipping industry continues introducing LNG as key alternative fuel for new ships
13:22 Schedule reliability improves to 40% in June 2022 - Sea-Intelligence
12:52 Four companies launch study on application of aerospace engineering technology to wind-powered vessels
12:34 Oboronlogistics reports growing traffic volumes on Ust-Luga – Baltiysk railway ferry line