Digitalization emerges as the theme when outlining the reasons behind the nomination of Jim Hagemann Snabe to chair Maersk Group and replace Michael Pram Rasmussen who is stepping down. Here is a portrait of Snabe and a focus on some of the digital challenges.
That Klaus Rud Sejling would end up as Chief Executive of a Maersk company has been in the cards for years, according to people who know the man. They describe the ambitious CEO, who has yet to turn 40, as the model of a Maersk Chief Executive. ShippingWatch presents a portrait of Damco's new CEO.
Over two days of this week, hundreds of managers from Maersk Transport & Logistics voiced their thoughts on the future of Maersk at a seminar in Copenhagen. It involved talking strategies and growth goals for the new Maersk. Two management teams in particular are critical to the outcome.
The shipping business has been particularly noted for creating massive family fortunes around the world. The Maersk family occupies the 2nd place on Alphaliner's list of the 21 richest shipping families.
The UN International Maritime Organization has adopted a concrete strategy for the organization's work for the first time. The strategy includes seven guiding points and three principles which will be thought into all aspects of the work, Jesper Loldrup, Head of the Office of the Secretary-General's Policy and Planning Unit, tells ShippingWatch.
APM Terminals has received the final approvals to operate the newly built terminal in Guatemala, which is at the center of a large-scale corruption scandal. The first ship called on Sunday, and the terminal is expected operational soon. The opening was met with local protests.
Several container carriers have received penalties in China for failing to provide correct information about their freight rates to the Chinese ministry of transports. The carriers fined include CMA CGM and Hamburg Süd. But the size of the fine is fairly modest.
Earnings at the Arabian LNG carrier decreased by a little under QAR 30 million in 2016. Despite the downturn in the oil and gas market and overcapacity in the shipping markets, the carrier is pleased with the result.