APM Terminals CEO wants to increase earnings

APM Terminals has to get more out of its business without making acquisitions - even if the majority of the Maersk Line synergy effect has been achieved and economic growth has stalled, CEO Morten Engelstoft tells ShippingWatch.

Photo: PR-foto/Maersk

The task was quite specific when Morten Engelstoft began as chief executive of Maersk's port and terminal business APM Terminals two and a half years ago. Both regarding new business opportunities lying before him and the limits imposed on him by Maersk shareholders.

In brief, APM Terminals might on one hand have had prospects for significantly more business from the world's largest container line, Maersk Line, which wanted to increasingly utilize the group's own ports instead of competitors' as part of its new strategy.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

400 people risk being laid off at Seadrill

Once the contracts for two of Seadrill's drilling rigs expire, around 400 of the company's 1,050 employees are at risk of losing their jobs, reports media. Labor union expects the carrier to announce dismissals prior to Christmas.

Further reading

Related articles

Latest news

See all jobs