A period as co-president and co-CEO of Pacific International Lines (PIL) for former Mærsk executive Lars Kastrup has ended with his appointment as CEO and president.
Kastrup had been co-CEO and co-president for the Singapore-based carrier alongside Gan Chee Yen, who is now retiring, since March 2021.
More from ShippingWatch
A VAT dispute in Latvia has now left ferry operator DFDS with millions of kroner in extra costs and a future of navigating a bureacratic minefield. However, the Danish carrier predicts challenges throughout the industry: ”It is only when it’s actually happening, that you realize it is a problem,” warns the company’s indirect tax manager.